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At December 31 year-end, Camp Corporation has a $10,000 note receivable from a customer. Interest of 6% has accrued for 3 months on the note.
At December 31 year-end, Camp Corporation has a $10,000 note receivable from a customer. Interest of 6% has accrued for 3 months on the note. What will Camp's financial statements report for this situation at December 31? O A. The income statement will report a note receivable of $10,000 O B. The balance sheet will report the note receivable of $10,000 and interest receivable of $150. C. The balance sheet will report the note receivable of $10,000. D. Nothing because the business has not received the cash yet
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