Question: der Trust accepts a $ 4 0 0 , 0 0 0 non - interest bearing 2 0 - year note from Coffee Co .

der Trust accepts a $400,000 non - interest bearing 20- year note from Coffee Co. in exchange for Cash 11?2023. Coffee Co. promises to repay $400,000 at maturity. The market rate on 11?2023 was 4%. How much rest Revenue will Trader Trust record on this note in 2023?
A. $0, this is a non - interest - bearing note receivable.
B. $7,302
C. $7,498
D. $16,000
17 of 21 q4
0 of 3 attempts
0 of 11 quest
0 of 3 attempts
der Trust accepts a $ 4 0 0 , 0 0 0 non -

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