A company receives a two-year, zero-interest-bearing note with a face value of $200,000 from another company in exchange for property that has a fair value of $140,000 and a book value of$115,000.What is the net value of notes receivable?
a. $85,000
b. $115,000
c. $140,000
d. $200,000

Based on the information given we were told that zero-interest-bearing note with a face value of the amount of $200,000 was received from another company in exchange for property that has a fair value of the amount of $140,000 which means that the fair value amount of $140,000 will be the net value of notes receivable

Therefore the net value of notes receivable will be $140,000

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A company receives a two-year, zero-interest-bearing note with a face value of $200,000 from another company in exchange for property that has a fair value of $140,000 and a book value of$115,000.What is the net value of notes receivable? a. $85,000 b. $115,000 c. $140,000 d. $200,000

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A company receives a two-year, zero-interest-bearing note with a face value of $200,000 from another company in exchange for property that has a fair value of $140,000 and a book value of$115,000.What is the net value of notes receivable?
a. $85,000
b. $115,000
c. $140,000
d. $200,000