Business, 30.11.2019 04:31, geezwell8875
At december 31 year-end, crain corporation has an s8400 note receivable from a customer. interest of 10% has accrued for 10 months on the note what will crain's financial statements report for this situation at december 31?
a. the balance sheet will report the note receivable of $8,400
b. the balance sheet will report the note receivable of $8,400 and interest receivable of $700 °
c. nothing because the business has not received the cash yet.
d. the income statement will report a note receivable of $8,400
Answers: 3
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At december 31 year-end, crain corporation has an s8400 note receivable from a customer. interest of...
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