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Business, 24.04.2020 23:32 Jasminehenry123

Dern Company recently sold a large order of tables to Knoll Furniture Store. Terms of the sale require Knoll to sign a noninterest-bearing note of $21,000 with payment due in three years. A rate of 9% reflects the appropriate interest rate for a loan of this type of loan. At what amount should Dern and Knoll value the note receivable/payable and corresponding sales revenue/inventory

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Dern Company recently sold a large order of tables to Knoll Furniture Store. Terms of the sale requi...
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