Question
For a note receivable that was created on November 1, 2015 and is due for repayment on October 31, 2016, what is the time fraction
For a note receivable that was created on November 1, 2015 and is due for repayment on October 31, 2016, what is the time fraction needed to compute interest revenue for the year ended December 31, 2015?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
