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Business, 16.04.2020 17:21, nlaurasaucedop7gfut
N January 1, 2020, West 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?
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N January 1, 2020, West Co. exchanged equipment for an $800,000 zero-interest-bearing note due on Ja...
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