Business, 08.04.2020 01:23, Ellafrederick

Drebin Security Systems sold merchandise to a customer in exchange for a $50,000, 5-year, noninterest-bearing notewhen an equivalent loan would carry 10% interest. Drebin would record sales revenue on the date of sale equal to:

A.$50,000.
B. Zero.
C. The future value of $50,000 using a 10% interest rate.
D. The present value of $50,000 using a 10% interest rate.

Answers: 1

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Drebin Security Systems sold merchandise to a customer in exchange for a $50,000, 5-year, noninteres...