On january 1, 2015, fullbright company sold goods to blue dirt company for $400,000 in exchange for a 4-year, zero-interest-bearing note with a face amount of $629,406 (imputed rate of 12%). the goods have an inventory cost on fullbright’s books of $240,000. what amount of interest revenue should fullbright recognize in 2015?
$ 57,352
$229,406
$ 75,529
$ 48,000
Answers: 2
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