Question: Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in 2 0 2 4 . The notes included: Note A: Dated 5
Frankenstein Enterprises received two notes from customers for sales that Frankenstein made in The notes included:
Note A: Dated principal of $ and interest due
Note B: Dated principal of $ and interest at annually, due on
Frankenstein had accrued a total of $ interest receivable from these notes in its balance sheet.
Assume Frankenstein views the financing component of these sales to be significant. What amount of interest revenue would Frankenstein earn on these notes during
Multiple Choice
More than $
Between $ and
Less than $
None of these answer choices are correct.
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