Question: Multiple Choice Question 126 On January 1, 2014, Ball Co. exchanged equipment for a $500,000 zero-interest-bearing note due on January 1, 2017. The prevailing rate

Multiple Choice Question 126 On January 1, 2014, Ball Co. exchanged

Multiple Choice Question 126 On January 1, 2014, Ball Co. exchanged equipment for a $500,000 zero-interest-bearing note due on January 1, 2017. The prevailing rate of interest for a note of this type at January 1, 2014 was 10% m e present value of $1 at 10% for three periods s 0.75. What amount of rterest revenue thuld be nduded in Bart 2015 income statement? $37,500 O so O $41,250 $50,000

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