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Tesla sells an SUV to a customer in exchange for a $100,000, one-year, 6% note. After 4 months, they decide to sell this note to
Tesla sells an SUV to a customer in exchange for a $100,000, one-year, 6% note. After 4 months, they decide to sell this note to the bank, who has a 10% discount rate. When recording the transaction with the bank, which of the following will be included? Gain of $300 O Gain of $70 O Loss of $530 O Loss of $230 None of these
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