november 1 jasper company loaned another company 250,000 at 12.0 interest rate the note recievable plus interest will not be collected until march 1 of the following year the companys annual accounting period ends on december 31 the amount of interest revenue should be reported in the first year is 0 5000 8200 6875 20,100 if none of this answers what would it be
november 1 jasper company loaned another company 250,000 at 12.0 interest rate the note recievable plus interest will not be collected until march 1 of the following year the companys annual accounting period ends on december 31 the amount of interest revenue should be reported in the first year is 0 5000 8200 6875 20,100 if none of this answers what would it be
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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november 1 jasper company loaned another company 250,000 at 12.0 interest rate
the note recievable plus interest will not be collected until march 1 of the following year the companys annual accounting period ends on december 31 the amount of interest revenue should be reported in the first year is
0
5000
8200
6875
20,100
if none of this answers what would it be
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