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Business, 21.03.2020 00:37 clangclang8732

Drebin Security Systems sold merchandise to a customer in exchange for a $50,000, five-year, noninterest-bearing note when an equivalent loan would carry 10% interest. Drebin would record sales revenue on the date of sale equal to:
a. $50,000.
b. Zero.
c. The future value of $50,000 using a 10% interest rate.
d. The present value of $50,000 using a 10% interest rate.

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