At December 31 year-end, CottonCotton Corporation has aa $12,000 note receivable from a customer. Interest...
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Accounting
At December 31 year-end, CottonCotton Corporation has aa $12,000 note receivable from a customer. Interest of 7% has accrued for 2 months on the note. What will Cotton'sCotton's income statement for the year ended December 31 report for this situation?
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