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18. Rubone Inc. sold goods on 11/09/23 and agreed to accept from the customer's an $80,000, 2-year note receivable, with the full $380,000 due two
18. Rubone Inc. sold goods on 11/09/23 and agreed to accept from the customer's an $80,000, 2-year note receivable, with the full $380,000 due two years from the date of sale. Prevailing interest rates are 8.5%. What amount should Rubone Inc. record as product sale revenues and when should that amount be 'recognized'? lateme
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