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K At December 31 year-end, Creek Corporation has a $9,600 note receivable from a customer. Interest of 8% has accrued for 7 months on the
K At December 31 year-end, Creek Corporation has a $9,600 note receivable from a customer. Interest of 8% has accrued for 7 months on the note. What will Creek's income statement for the year ended December 31 report for this situation? OA. Nothing because the business has not received the cash yet B. Interest revenue of $448 OC. Note receivable of $9,600 O D. Both b and c 3 m 30min
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Principles Of External Auditing
Authors: Brenda Porter, Jon Simon, David Hatherly
1st Edition
0471962120, 978-0471962120
