Oriole Co. has the following notes receivable outstanding at December 31, 2024: Interest on each...
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Accounting
Oriole Co. has the following notes receivable outstanding at December 31, 2024: Interest on each of the above notes is payable at maturity. (a) Calculate the interest revenue that Oriole Co. will report on its income statement for the year ended December 31, 2024. Indicate where this will be presented on a multiple-step income statement. (Round answer to 0 decimal places, eg. 5,275.) Total interest revenue $ Interest Revenue is reported under on the income statement
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