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On june 30,2017, Pink company sold goods for 5,000,000 and accepted the customer's 10% one year note in exchange. The 10% interest rate approximates the
On june 30,2017, Pink company sold goods for 5,000,000 and accepted the customer's 10% one year note in exchange. The 10% interest rate approximates the marker rate of return.
What amount should be reported as interest income for the year ended december 31, 2017? a. 500,000 b. 250,000 c. 125,000 d. 0
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