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Gomez Management Services Inc. accepts an 18-month, 12%,, 5,000 note receivable from a client in settlement of an outstanding accounts receivable on November 1,
Gomez Management Services Inc. accepts an 18-month, 12%,, 5,000 note receivable from a client in settlement of an outstanding accounts receivable on November 1, 2018 The client pays off the note on April 30, 2020. Gomez should recognize interest revenue in 2020 of O $900 $600 $200 $100 $150 O0000
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
