What is the amount of expanse diamond must recognize, Accounting Basics

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What is the amount of expanse diamond must recognize

Diamond company borrowed $500,00 from a bank on Jan. 1, 2007 in order to expand its mining capabilities. the five-year note required annual payment of $ 130,218 and carried an annual interest rate of 9.5%.

what is the amount of expanse Diamond must recognize on its 2008 income statement?

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Accounting Basics: What is the amount of expanse diamond must recognize

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Accounting Basics: What is the amount of expanse diamond must recognize

Reference No:- TGS085008

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Recent Questions Asked Accounting Basics

Q : How many net atps are generated by substrate level phosphory

Q : What is the basis of the new factory building

Q : What amount of gain or loss would herman report

Q : What are some of the activities that need to be performed

Q : What is the amount of expanse diamond must recognize

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the amount of expanse diamond must recognize

Reference No:- TGS085008

Recent Questions Asked Accounting Basics

Q : How many net atps are generated by substrate level phosphory

Q : What is the basis of the new factory building

Q : What amount of gain or loss would herman report

Q : What are some of the activities that need to be performed

Q : What is the amount of expanse diamond must recognize

Q : Why is transportation important to the united states

Q : Problems of managing data resources

Q : Non profits and governmental agencies

Q : Solution of 100 g of sugar

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