19. Company A received a five year $25,000 note bearing interest of 3%. The...
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Accounting
19.
Company A received a five year $25,000 note bearing interest of 3%. The market rate of the note is 2.5%. What amount of interest revenue will the company record at the end of the first year?
$750
$767
$625
$640
20.
Company X makes a loan in exchange for a two-year, $8,000 note. The stated interest rate is 6%. The market rate is 4%. What amount of premium does the company amortize at the end of the second year? Please round to the nearest whole number.
332
326
148
154
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