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00:35:03 Lewis Diagnostics sold merchandise to a customer in exchange for a $40,000, four-year, noninterest-bearing note when an equivalent loan would carry 8% interest. Lewis
00:35:03 Lewis Diagnostics sold merchandise to a customer in exchange for a $40,000, four-year, noninterest-bearing note when an equivalent loan would carry 8% interest. Lewis would record sales revenue on the date of sale equal to: Multiple Choice $40,000. $0. The future value of $40,000 using an 8% interest rate. The present value of $40,000 using an 8% interest rate
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