Business, 22.11.2021 22:20 villanuevajose95

On January 1, 2022, Austin Company received a 12-month, $100,000 note with a stated rate of 7%. On April 30, 2022, Austin discounted the note at the Houston Bank. The bank's discount rate is 8%. What are the cash proceeds from discounting the note receivable?

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On January 1, 2022, Austin Company received a 12-month, $100,000 note with a stated rate of 7%. On A...

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