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On January 2, 2025, Ivanhoe Inc. sells goods to Pharoah Company in exchange for a zero-interest-bearing note with face value of $9,300, with payment due

On January 2, 2025, Ivanhoe Inc. sells goods to Pharoah Company in exchange for a zero-interest-bearing note with face value of $9,300, with payment due in 12 months. The fair value of the goods at the date of sale is $8,400 (cost $5,040)

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