Business, 01.11.2019 04:31 Jojoahmed99
At december 31 year-end, crabcrab corporation has anan $ 8 comma 000$8,000 note receivable from a customer. interest of 66% has accrued for 1010 months on the note. what will crab'scrab's financial statements report for this situation at december 31? a. the balance sheet will report the note receivable of $ 8 comma 000$8,000 and interest receivable of $ 400$400. b. nothing because the business has not received the cash yet. c. the income statement will report a note receivable of $ 8 comma 000$8,000. d. the balance sheet will report the note receivable of $ 8 comma 000$8,000.
Answers: 3
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At december 31 year-end, crabcrab corporation has anan $ 8 comma 000$8,000 note receivable from a cu...
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