Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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Financial Accounting Question: 7.3

Question: Accounting/Minority interest
On November 1, Year 1. Noble Co. borrowed $72,000 from South Bank and signed
an 11%, six-month note payable, all due at maturity. The interest on this loan is
stated separately.
On December 31, Year 1. Noble Co's overall liability for this loan amounts
to
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Transcribed Image Text:Question: Accounting/Minority interest On November 1, Year 1. Noble Co. borrowed $72,000 from South Bank and signed an 11%, six-month note payable, all due at maturity. The interest on this loan is stated separately. On December 31, Year 1. Noble Co's overall liability for this loan amounts to
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