Babble Co. signs a five-year installment note on January 1, 2021. At which of the following dates would the carrying value be the lowest?
A) August 1, 2021
B) November 30, 2023
C) April 30, 2024
D) December 31, 2022
Answer: C
Accounting MCQ
Accounting
Babble Co. signs a five-year installment note on January 1, 2021. At which of the following dates would the carrying value be the lowest?
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