Question: Codification research. Please use the FASB Codification website to answer the following questio 2. Starlight Corp. was issued a $ 4 , 5 00,000 zero-interest

Codification research. Please use the FASB Codification website to answer the following questio

2. Starlight Corp. was issued a $4,500,000 zero-interest bearing note in exchange for a building on June 1, 2019. The note is due on June 1, 2034 and the prevailing interest for a note of this type is 8%.

Instructions

How much interest revenue can Starlight record on its income statement for the financial year ended December 31, 2021?

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