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Get Full Access to Intermediate Accounting - 15 Edition - Chapter 14 - Problem 20
Get Full Access to Intermediate Accounting - 15 Edition - Chapter 14 - Problem 20

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# Pierre Company has a 12% note payable with a carrying

ISBN: 9781118147290 164

## Solution for problem 20 Chapter 14

Intermediate Accounting | 15th Edition

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Intermediate Accounting | 15th Edition

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Problem 20

Pierre Company has a 12% note payable with a carrying value of \$20,000. Pierre applies the fair value option to this note. Given an increase in market interest rates, the fair value of the note is \$22,600. Prepare the entry to record the fair value option for this note.

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##### ISBN: 9781118147290

This textbook survival guide was created for the textbook: Intermediate Accounting, edition: 15. The answer to “Pierre Company has a 12% note payable with a carrying value of \$20,000. Pierre applies the fair value option to this note. Given an increase in market interest rates, the fair value of the note is \$22,600. Prepare the entry to record the fair value option for this note.” is broken down into a number of easy to follow steps, and 49 words. The full step-by-step solution to problem: 20 from chapter: 14 was answered by , our top Business solution expert on 11/23/17, 05:08AM. Intermediate Accounting was written by and is associated to the ISBN: 9781118147290. Since the solution to 20 from 14 chapter was answered, more than 294 students have viewed the full step-by-step answer. This full solution covers the following key subjects: Note, fair, Pierre, option, market. This expansive textbook survival guide covers 24 chapters, and 633 solutions.

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