Please explain with answer on june 1 2013 dirty harry co, Ask an Expert

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Please explain with answer : On June 1, 2013, Dirty Harry Co. borrowed cash by issuing a 6-month noninterest-bearing note with a maturity value of $480,000 and a discount rate of 7%. Assuming straight-line amortization of the discount, what is the carrying value of the note as of September 30, 2013?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9963675

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