Question: On January 1 , 2 0 2 1 , Ivanhoe Company sold goods to Bridgeport Company for $ 4 0 0 9 0 0 in

On January 1,2021, Ivanhoe Company sold goods to Bridgeport Company for $400900 in exchange for a 4-year, zero-interest-bearing
note with a face amount of $630822(imputed rate of 12%). The goods have an inventory cost on Ivanhoe's books of $240000. What
amount of Sales Revenue should Ivanhoe recognize in 2021?
$400900
$240000
$229922
$630822
On January 1,2021, Ivanhoe Company sold goods to Bridgeport Company for

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