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Business, 15.07.2020 04:01 eman123adama

Ireland Corporation obtained a $40,000 note receivable from a customer on June 30, 2011. The note, along with interest at 6%, is due on June 30, 2012. On September 30, 2011, Ireland discounted the note at Cloverdale bank. The bank's discount rate is 10%. What amount of cash did Ireland receive from Cloverdale Bank

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Ireland Corporation obtained a $40,000 note receivable from a customer on June 30, 2011. The note, a...
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