When an equipment dealer receives a long term note in exchange for equipment, and the stated rate of interest is indicative of the market rate of interest at the time of the transaction, the present value of the future cash flows received on the notes: Multiple Choice Is treated as a current liability at the exchange date O () is recorded as interest revenue at the exchange date is recorded as interest receivable at the exchange date. O O O is credited to sales revenue at the exchange date When an equipment dealer receives a long term note in exchange for equipment, and the stated rate of interest is indicative of the market rate of interest at the time of the transaction, the present value of the future cash flows received on the notes: Multiple Choice Is treated as a current liability at the exchange date O () is recorded as interest revenue at the exchange date is recorded as interest receivable at the exchange date. O O O is credited to sales revenue at the exchange date