[Solved] Drebin Security Systems Sold Merchandise to a Customer in Exchange

Question 54
Multiple Choice

Drebin Security Systems sold merchandise to a customer in exchange for a $50,000, 5-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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