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On December 3 0 , Chang Co . sold a a machine to Door Co . in exchange for a noninterest - bearing note requiring
On December Chang Co sold a a machine to Door Co in exchange for a noninterestbearing note requiring annual payments of $ Door made the first payment on Decmeber The market interest rate for similar notes at date of issuance was Information on present value factors is as follows: Number of Periods Present Value of $ at Present Vlaue of Ordinary Annuity at Number of Periods Present Value of $ at Present Vlaue of Ordinary Annuity at In its December balance sheet, what amount should Chang report as note receivable?
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