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Multiple Choice Question 126 On January 1, 2014, Ball Co. exchanged equipment for a $500,000 zero-interest-bearing note due on January 1, 2017. The prevailing rate

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Multiple Choice Question 126 On January 1, 2014, Ball Co. exchanged equipment for a $500,000 zero-interest-bearing note due on January 1, 2017. The prevailing rate of interest for a note of this type at January 1, 2014 was 10% m e present value of $1 at 10% for three periods s 0.75. What amount of rterest revenue thuld be nduded in Bart 2015 income statement? $37,500 O so O $41,250 $50,000

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