ACCOUNTING MULTIPLE CHOICE:

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At December 31 year-end, Cotton Corporation has a $12,000 note receivable from a customer Interest of 7% has accrued for 8 months on the note. What will Cotton's income statement for the year ended December 31 report for this situation? O A. Nothing because the business has not received the cash yet O B. Note receivable of $12,000 O C. nterest revenue of $560 O D. Both b and c