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    Intermediate Accounting Study Set 7
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    Exam 9: Short-Term Operating Assets: Cash and Receivables
  5. Question
    When the Stated Rate Is Equal to the Market Rate
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When the Stated Rate Is Equal to the Market Rate

Question 99

Question 99

True/False

When the stated rate is equal to the market rate, the present value of future cash flows from a note is equal to the face value of the note.

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