On Merf’s April 30, 2011 balance sheet a note receivable was reported as a noncurrent asset and its accrued interest for eight months was reported as a current asset.

Which of the following terms would fit Merf’s note receivable?

a. Both principal and interest amounts are payable on August 31, 2011, and August 31, 2012.

b. Principal and interest are due December 31, 2011.

c. Both principal and interest amounts are payable on December 31, 2011, and December 31, 2012.

d. Principal is due August 31, 2012, and interest is due August 31, 2011, and August 31, 2012.