How does an installment note differ from a note


Consider the following questions:

1. When a note's stated rate of interest is unrealistic relative to the market rate, the concept of substance over form should be employed. Explain

2. How does an installment note differ from a note for which the principal is paid as a single amount at maturity?

If possible, please give examples to better understand your response.

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Accounting Basics: How does an installment note differ from a note
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