On December Nash Company signed a $ note to Crane Bank. The market interest rate at that time was The stated interest rate on the note was payable annually. The note matures in years. Unfortunately, because of lower sales, Nash's financial situation worsened. On December Crane Bank determined that it was probable that the company would pay back only $ of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $ loan.b
Your answer is correct.
Prepare a note amortization schedule for Crane Bank up to December Round answers to decimal places, eg Your answer is correct.
Prepare a note amortization schedule for Crane Bank up to December Round answers to decimal places, egc
X Your answer is incorrect.
Determine the loss on impairment that Crane Bank should recognize on December Round present value factors to
decimal places, eg and final answer to decimal places, eg
