.On March 1, 20X1, ABC Corp received a 12% note dated Jan 1, 20X1. The principal and interest is due after 3 years. On initial recognition, which of the following accounts increased?     Prepaid interest Interest receivable Unearned interest income Interest revenue

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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11.On March 1, 20X1, ABC Corp received a 12% note dated Jan 1, 20X1. The principal and interest is due after 3 years. On initial recognition, which of the following accounts increased?
 
 
Prepaid interest
Interest receivable
Unearned interest income
Interest revenue
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