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QUESTION
At the beginning of 2013, VHF Industries acquired a machine with a fair market value of $6,760,200 by issuing a two-year, noninterest-bearing note in...
At the beginning of 2013, VHF Industries acquired a machine with a fair market value of $6,760,200 by issuing a two-year, noninterest-bearing note in the face amount of $8 million. The note is payable in two annual installments of $4 million at the end of each yea
