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On November 30 year one, a corporation agreed with its customers to change their accounts receivable to notes receivable in order to allow a longer
On November 30 year one, a corporation agreed with its customers to change their accounts receivable to notes receivable in order to allow a longer payment period. The terms of the notes receivable our principal due on November 30, your four and interest payments are due annually on November 30 until November 30 of year 4. The customers have made all required payments to date. How should the notes receivable an accrued interest be classified on the balance sheet as of June 30 year three? A, B, C or D? n November 30, Year 1, Derin Corporation agreed vw erms of the notes receivable are principal is due on N as made all required payments to date. How should Notes ReceivableAccrued Interest A. Current OB. Current O C. Noncurrent O D. Noncurrent Noncurrent Current Current Noncurrent
A, B, C or D?
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