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please see the values they are different do this question urgently. this situation at December 31? At December 31 year-end, Connor Company has a $12,000
please see the values they are different do this question urgently.
this situation at December 31? At December 31 year-end, Connor Company has a $12,000 note receivable from a customer. Interest of 7% has accrued for 2 months on the note. What will Connor's financial statements report A. Nothing because the business has not received the cash yet. B. The balance sheet will report the note receivable of $12,000 and interest receivable of $140. C. The income statement will report a note receivable of $12,000. D. The balance sheet will report the note receivable of $12,000.Step by Step Solution
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