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At December 31 year-end, Clown Corporation has an $8,000 note receivable from a customer. Interest of 6% has accrued for 10 months on the note.
At December 31 year-end, Clown Corporation has an $8,000 note receivable from a customer. Interest of 6% has accrued for 10 months on the note. What will Clown's income statement for the year ended December 31 report for this situation? A. Nothing because the business has not received the cash yet OB. Interest revenue of $400 C. Note receivable of $8,000 OD. Both b and c
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Financial Services And Markets
Authors: Dr. Punithavathy Pandian
8125931201, 978-8125931201
