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Business, 25.07.2019 12:00 mimi5261

Frasquita acquired equipment from the manufacturer on 6/30/2018 and gave a noninterest-bearing note in exchange. frasquita is obligated to pay $550,000 on 4/30/2019 to satisfy the obligation in full. if frasquita accrued interest of $15,000 on the note in its 2018 year-end financial statements, what amount would it record the equipment on its 6/30/2018 balance sheet?

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