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Question 4 0.5 pts On January 1, 2017 Oct Co. sold goods to Flynn Company Flynn signed a zero-interest-bearing note requiring payment of $200,000 annually
Question 4 0.5 pts On January 1, 2017 Oct Co. sold goods to Flynn Company Flynn signed a zero-interest-bearing note requiring payment of $200,000 annually for seven years. The first payment was made on January 1, 2017. The prevailing rate of interest for this type of note at date of issuance was 10% On January 1, 2017 what was the carrying value of the note? $714.000 $871060 $1.071,048 5973.680
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