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When a company receives an interest-bearing note receivable it will do what?
debit Notes Receivable for the face value of the note.
Maturity value of an interest-bearing note payable is the?
Face value plus interest.
What are the Accounting standard for non interest bearing note with example?
APB 21
When an interest-bearing note matures the balance in the Notes Payable account is?
The principal or maturity value. The premium or discount should be fully amortized down to zero.
When an interest-bearing note matures what is the balance in the notes payable account?
The principal or maturity value. The premium or discount should be fully amortized down to zero.
When a company receives an interest-bearing note receivable?
Debit notes receivable for the face value of the note.
When a company receives an interest-bearing note receivable it will do what?
debit Notes Receivable for the face value of the note.
Difference between interest-bearing and non-interest-bearing debt?
Difference between interest-bearing and non-interest-bearing note.
What is a interest bearing note payable?
Is interest deduct before the note payed out.
Interest bearing note payable?
current assets
Maturity value of an interest-bearing note payable is the?
Face value plus interest.
What are the Accounting standard for non interest bearing note with example?
APB 21
The equation for computing interest on an interest bearing note is as follows interest equals maturity value times interest rate times time?
yes
In a non-interest bearing note the maturity value is the same as the?
issue value, however, normally sold at a discount. Payment of the note and interest is made at the end of the loan.
The basic formula for computing interest on an interest-bearing note is face value of note x annual interest rate x time in terms of one year equals Interest?
(Face Value of Note) x (Annual Interest Rate) x (Time in Terms of One Year) = Interest
When a borrower receives the face amount of a discounted note less interest the amount is known as?
When a borrower receives the face amount of a discounted note less interest the amount, this is known as a discount loan. A discount loan is not actually discounted in the traditional sense.
What is the impact on interest with non interest bearing note recievables Ex if a company has a NR due in 5 years 310 discounted value of 285 leaving 25 in sales whats the impact on the discount?
to include: The product development cost was 255
