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On january 1 20X3 Gaudreau enterprise sold goods in exchange for a $200000 five year.,Interest free note from purchaser. the note was repayable at $
On january 1 20X3 Gaudreau enterprise sold goods in exchange for a $200000 five year.,Interest free note from purchaser. the note was repayable at $ 20000 semi annually first due june 30 20X3.the market rate of interest for similar notes was 6% per annum payable semi annually. Gaudreau prepare its financial statements accordance with IFRS. What amount of interest revenue should the company reports on ots December 31 20X3 Year end financial statement?
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