On November 30 , Year 1 , Derin Corporation agreed with its customers to change accounts receivable to notes receivable in order to allow a longer payment period. The terms of the notes receivable are that the principal is due on November 30, Year 4, and the interest payments are due annually on November 30 until November 30 , Year 4. Derin's customer has made all required payments to date. How should the notes receivable and accrued interest be classified on the balance sheet as of June 30 , Year 3 ? Which of the following disclosures about accounts receivable are required? 1. Accounts receivable serving as collateral N1. The percentage used to calculate allowance for doubtful accounts III. Total allowance for doubtful accounts A. I,II, and III B. I only C. I and III D. I and II Which of the following disclosures about accounts receivable are required? 1. Accounts receivable serving as collateral II. The percentage used to calculate allowance for doubtful accounts III. Total allowance for doubtful accounts A. I only B. I and II C. I and III D. I,II, and