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Business, 26.11.2019 03:31 sierram298

Baker inc. acquired equipment from the manufacturer on 10/1/2018 and gave a noninterest-bearing note in exchange. baker is obligated to pay $918,000 on 4/1/2019 to satisfy the obligation in full. if baker accrued interest of $9,000 on the note in its 2018 year-end financial statements, what is its imputed annual interest rate? a. 4%. b. 6%. c. 2%. d. none of these answer choices are correct.

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Baker inc. acquired equipment from the manufacturer on 10/1/2018 and gave a noninterest-bearing note...
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