On January 1 , 2 0 2 5 , Waterway Co . sold equipment in exchange for

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On January 1 , 2 0 2 5 , Waterway Co . sold equipment in exchange for an $ 8 2 0 0 0 0 zero - interest - bearing note due on January 1 , 2 0 1 8 . The prevailing rare of interest for anote of this type at January 1 , 2 0 2 5 was 1 0 % . The present value of $ 1 at 1 0 % for three periods of 0 . 7 5 1 3 1 . What amount of interest revenue should be reported in Waterway's 2 0 2 6 income statement

Posted Date: May 19, 2024 02:05 AM

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On January 1 , 2 0 2 5 , Waterway Co . sold equipment in exchange for

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