Question: 15. At January 1, 2025, Antorio SpA sells property for which it had paid 690,000 to Sargent Company, receiving in return Sargents zerointerest- bearing note

15. At January 1, 2025, Antorio SpA sells property for which it had paid €690,000 to Sargent Company, receiving in return Sargent’s zerointerest-

bearing note for €1,000,000 payable in 5 years. What entry would Antorio make to record the sale, assuming that Antorio frequently sells similar items of property for a cash sales price of €640,000?

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