Question: Return to the data in the preceding question. What will the income statement report for this situation? a. Nothing, because you haven't received the cash
Return to the data in the preceding question. What will the income statement report for this situation?
a. Nothing, because you haven't received the cash yet
b. Interest revenue of \(\$ 400\)
c. Note receivable of \(\$ 10,000\)
d. Both b and c
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