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At December 31 year-end, Connor Company has a $9,200 note receivable from a customer. Interest of 9% has accrued for 5 months on the note.
At December 31 year-end, Connor Company has a $9,200 note receivable from a customer. Interest of 9% has accrued for 5 months on the note. What will Connor's financial statements report for this situation at December 31? A. The balance sheet will report the note receivable of $9,200 and interest receivable of $345. O B. Nothing because the business has not received the cash yet O C. The income statement will report a note receivable of $9,200. D. The balance sheet will report the note receivable of $9,200
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