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Business, 25.01.2021 21:10 kappy10

Pharoah Company borrowed $1470000 from U. S. Bank on January 1, 2019 in order to expand its mining capabilities. The 5-year note required annual payments of $382842 and carried an annual interest rate of 9.5%. What is the amount of expense Pharaoh must recognize on its 2020 income statement

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Pharoah Company borrowed $1470000 from U. S. Bank on January 1, 2019 in order to expand its mining c...
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