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Business, 05.03.2020 09:03 isabellam646

On January 1, 2017, Crane Company exchanged equipment for a $500000 zero-interest-bearing note due on January 1, 2020. The prevailing rate of interest for a note of this type at January 1, 2017 was 8%. The present value of $1 at 8% for three periods is 0.79. What amount of interest revenue should be included in Crane's 2018 income stat

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On January 1, 2017, Crane Company exchanged equipment for a $500000 zero-interest-bearing note due o...
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