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Business, 17.04.2020 03:56 sparrgrovekyle

Est Co. exchanged equipment for an $800,000 zero-interest-bearing note due on January 1, 2023. The prevailing rate of interest for a note of this type at January 1, 2020 was 10%. The present value of $1 at 10% for three periods is 0.75. What amount of sales revenue should be included in West's 2020 income statement? $600,000 $800,000 $720,000 $560,000

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Est Co. exchanged equipment for an $800,000 zero-interest-bearing note due on January 1, 2023. The p...
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