Question: Knowledge Check 0 1 Kleaple accepted a three - year, noninterest - bearing note in exchange for merchandise sold. Which of the following is true?

Knowledge Check 01
Kleaple accepted a three-year, noninterest-bearing note in exchange for merchandise sold. Which of the following is true?
Multuple Choice
Kieagle would credit a discount on note recelvable when recording the sale.
Keagle would debt interest revenue over the lise of the note.
Reage would multiply laies revenue by the effective interest rate to determine interest revenut each period
Knowledge Check 0 1 Kleaple accepted a three -

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