PARTA Sam's Small Spaces manufactures and sells prefabricated tiny homes On January 1 2072. Sam's...
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PARTA Sam's Small Spaces manufactures and sells prefabricated tiny homes On January 1 2072. Sam's sold & delivered tiny homes to the Catskill Mountains Resort in exchange for a 4%.4-year $650.000 note. Interest is due annually on December 31. Sam's Small Spaces has a 6% rate of borrowing. Catskill Mountain Resort has a 5% rate of borrowing 1) How mtich revenue will Sam's Small Spaces recognize for the sale of the tiny homes on 1/1/2? 555620 PARTB On January 1, 20Y8. Sam's Small Spaces sold a tiny home upgrade kit to Catskill Mountains Resort in exchange for a 4%, 4-year $75.000 note Interest is due annually on December 31 and the carrying value of the note on the date of issuance was $72 340. Sam's Small Spaces has a 6% rate of borrowing Catskill Mountain Resort has a 5% rate of borrowing 1) How much cash interest did Sam's Small Spaces receive in 20Y8? 4340 2) How much interest will Sam's recognize on the 2048 income statement? 3617 3) What is the carrying value of the note at the end of 2018? 21987 4) How much interest will Sam's recognize on the 2049 income statement? [None Given]
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