Business, 18.11.2019 20:31 MrTeriffic
On july 1, 2015, middleton corp. lends cash and accepts a $10,000 note receivable that offers 12% interest and is all due in nine months. assuming middleton properly recorded any necessary year end entries on december 31, 2015, how much interest revenue will middleton corp report during 2015 if the interest is not received in cash until the note comes due april 1, 2016?
a. $1200
b. $900
c. $600
d. s0 $800
Answers: 2
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