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The OHara Group is owed $1,000,000 by Hilton Enterprises under an 8% note with three years remaining to maturity. The priorWhat is the correct answer?

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Answer #1

Ans:$200,000 is Correct Answer

Explanation:

Loss on troubled debt restructuring (plug) 200,000
Accrued Interest Receivable(1millions*8%) 80000
Note Receivable(1Million-880k) 120,000


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