Question
At December 31 year-end, cotton Company has an 8,700 note receivable from a customer. Interest of 8% has accrued for 3 months on the note.
At December 31 year-end, cotton Company has an 8,700 note receivable from a customer. Interest of 8% has accrued for 3 months on the note. What will financial statements report for this situation at December 31?
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Principles Of Cost Accounting
Authors: Robert E. Schmiedicke, Edward J. Vanderbeck
11th Edition
0538873426, 978-0538873420
