Business
Business, 21.04.2021 23:50, wambold3

ABC Manufacturing sold merchandise to a customer in exchange for a $50,000, five-year, noninterest-bearing note when an equivalent loan would carry 10% interest. ABC would record sales revenue on the date of sale equal to: Multiple Choice Zero. $50,000. The future value of $50,000 using a 10% interest rate. The present value of $50,000 using a 10% interest rate.

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ABC Manufacturing sold merchandise to a customer in exchange for a $50,000, five-year, noninterest-b...

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