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there is option d too ctober Year 1 Hernandez Company loaned $60,000 cash to Acosta Company. The one-year note carried a 6% rate of interest.

there is option d too
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ctober Year 1 Hernandez Company loaned $60,000 cash to Acosta Company. The one-year note carried a 6% rate of interest. Which of the following shows how the December 31 Year recognition of accrued interest will affect Hernandez's financial statements? Income Statement A. 8 C. D. Balance Sheet Stockholders Assets Liabilities + Equity 900 NA 900 900 NA 900 2,700 NA 2,700 2,700 NA 2,700 Revenue - 900 900 2,700 2,700 Expense NA NA NA NA Net Income 900 900 2,700 2,700 Statement of Cash Flows 900 IA NA 2,700 IA NA Multiple Choice Option Option

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