Pinkowski sold land to Ewell for $100,000 cash and a zero-interest-bearing note with a face amount of $400,000. The fair value of the land at the date of sale was $450,000. Pinkowski should value the note receivable at
A) $450,000.
B) $400,000.
C) $350,000.
D) $500,000.
Correct Answer:
Verified
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