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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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