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On the 1st of April 2019, ABC Company sold a car to XYZ Company in exchange with $50,000 note due on 31st of March 2021.

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On the 1st of April 2019, ABC Company sold a car to XYZ Company in exchange with $50,000 note due on 31st of March 2021. the embedded interest of the note is 10% and the fair value of the car at the date of sale is $41,322. the sales revenues to be recognized in 2019 is Select one: a. $50.000 b. $4,132 c. $41,322 d. $55,000

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