Kleagle accepted a three$-$year, noninterest$-$bearing note in exchange for m Multiple Choice

Kleagle would credit a discount on note receivable when recording the sale.

Kleagle would debit interest revenue over the life of the note.

Kleagle would debit notes receivable when the note is collected.

Kleagle would multiply sales revenue by the effective interest rate to determine interest

revenue each period.erchandise sold. Which of the following is true?