Question
The principal amount of a 12%, 3-year, note receivable is $300,000 and is dated January 1, 2019. The interest revenue to be recognized on December
"The principal amount of a 12%, 3-year, note receivable is $300,000 and is dated January 1, 2019. The interest revenue to be recognized on December 31, 2019 is $12,000."
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
