On January 1, 2022 Hideki Matsuyama provides services in exchange for a $10,000 zero-interest bearing note due in 4 years. The e
ffective interest rate for a note of this type is 15 percent. How much revenue does Hideki recognize on January 1, 2022?
1 answer:
Answer:
Revenue=$6000
Step-by-step explanation:
A = PRT
100
A= (10,000×4×15)/100
= (10,000×60)/100
= 600,000/100
=$6000
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