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At December 31 year-end, Cushion Corporation has a $10,000 note receivable from a customer Interest of 6% has accrued for 2 months on the note.

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At December 31 year-end, Cushion Corporation has a $10,000 note receivable from a customer Interest of 6% has accrued for 2 months on the note. What will Cushion's financial statements report for this situation at December 317 O A. The balance sheet will report the note receivable of $10,000 and interest receivable of $100 O B. The income statement will report a note receivable of $10,000 OC. Nothing because the business has not received the cash yet. OD. The balance sheet will report the note receivable of $10,000

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