Multiple Choice
On December 31,2017,the lender on a $5,700,120-day,10% note dated November 5,2017,will recognize: (Use a 365 day year and round your final answer to the nearest dollar. )
A) interest receivable,$187.
B) interest receivable,$87.
C) interest payable,$187.
D) interest payable,$87.
Correct Answer:
Verified
Correct Answer:
Verified
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