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NordicTrack sold 15 treadmills to Planet Fitness, and accepted a 4-month $75,000 non-interest bearing note in exchange. The fair value of the treadmills was $67,500.
NordicTrack sold 15 treadmills to Planet Fitness, and accepted a 4-month $75,000 non-interest bearing note in exchange. The fair value of the treadmills was $67,500. When NordicTrack receives payment for the note at its maturity, how much interest revenue should NordicTrack recognize? $67,500 $75,000 $7,500 $0
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