On January 1, 2021, Pharoah Company sold goods to Sheffield Company for $400700 in exchange for a 4 year, zero interest bearing note with a face amount of $630507 (imputed rate of 12 ) The goods have an inventory cost on Pharoah's books of $240000 What amount of Interest Revenue should Pharoah rec...

To calculate the interest revenue that Pharoah Company should recognize in 2021 we nee ...

On January 1, 2021, Pharoah Company sold goods to Sheffield Company for $400700 in exchange for...

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