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Business, 25.11.2019 19:31 anna8352

On january 1, 2017, 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 2017? (a)$48,000.(b)$57,352.(c)$75,529.(d )$229,406.

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On january 1, 2017, fullbright company sold goods to blue dirt company for $400,000 in exchange for...

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