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On October 1,2012,Balkan,Inc

Question 34

Multiple Choice

On October 1,2012,Balkan,Inc.accepted from another corporation a 1-year note receivable in the amount of $15,000,with an interest rate of 6%.On December 31,2012,Balkan accrued the interest income earned to date.How did this accrual affect Balkan's financial statements? On October 1,2012,Balkan,Inc.accepted from another corporation a 1-year note receivable in the amount of $15,000,with an interest rate of 6%.On December 31,2012,Balkan accrued the interest income earned to date.How did this accrual affect Balkan's financial statements? A) Option A B) Option B C) Option C D) Option D


A) Option A
B) Option B
C) Option C
D) Option D

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