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Business, 22.06.2019 02:50
Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest.extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of
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Business, 22.06.2019 09:30
An object that is clicked on and takes the presentation to a new targeted file is done through a
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Business, 22.06.2019 11:00
Acoase solution to a problem of externality ensures that a socially efficient outcome is to
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Business, 22.06.2019 21:20
Afamily wishes to save for future college expenses. which financial tool should the family invest in?
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Wentworth's Five and Dime Store has a cost of equity of 11.4 percent. The company has an aftertax co...
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