Zero-interest-bearing note to northern


On January 2011, Batonica limited issued a $1,200,000, five-year, zero-interest-bearing note to Northern. The note was issued to yield 8% annual interest.Batonica fell into trouble. Batonica will only pay $800,000 of the principal at maturity.

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Accounting Basics: Zero-interest-bearing note to northern
Reference No:- TGS084714

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