Question: O n January 1 , 2 0 2 1 , Pharoah Company sold goods t o Flounder Company for $ 4 0 1 6 0

On January 1,2021, Pharoah Company sold goods to Flounder Company for $401600in exchange for a4-year, zero-interest-
bearing note with a face amount of $63192312% $57581
$48192
$230323
$75831
O n January 1 , 2 0 2 1 , Pharoah Company sold

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