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How much interest revenue can Starlight record

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Question - Starlight Corp. was issued a $4,500,000 zero-interest bearing note in exchange for a building on June 1, 2019. The note is due on June 1, 2034 and the prevailing interest for a note of this type is 8%.

Instructions - How much interest revenue can Starlight record on its income statement for the ?nancial year ended December 31, 2021?

Reference no: EM132485358

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