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On October 1, Black Company receives a 8% interest bearing note from Reese Company to settle a $21,000 account receivable. The note is due in
On October 1, Black Company receives a 8% interest bearing note from Reese Company to settle a $21,000 account receivable. The note is due in six months. At December 31, Black should record interest revenue of the value listed below. Select the correct answer. $417 $430 $420 5427
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Cima Learning System Management Accounting Performance Evaluation Edition
Authors: Robert Scarlett
4th Edition
0750684305, 978-0750684309
