Question: A one - year, $ 1 3 , 0 0 0 , 1 0 % note was received by Nadia Company for a credit sale.

A one-year, $13,000,10% note was received by Nadia Company for a credit sale. Assuming a market rate of 10%, determine (1) the value of sales revenue recognized upon issuance of the note and (2) interest revenue recognized over the term of the note.
1.Sales revenueAnswer 12.Interest revenue

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