How much would Brad Company record as sales revenue

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Question - On January 1, 2017, Brad Company sold goods to Tad Corporation. Tad Corporation signed a 6-year note with a face amount of $80,000 and a stated interest rate of 6%. The note pays interest annually beginning December 31, 2017. Assuming the market interest rate is 8%, how much would Brad Company record as sales revenue?

Reference no: EM133074125

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