On October 1,2012,Balkan,Inc.accepted from another corporation a 1-year note receivable in the amount of $15,000,with an interest rate of 6%.How did this transaction affect Balkan's financial statements?
A) Option A
B) Option B
C) Option C
D) Option D

Question

On October 1,2012,Balkan,Inc.accepted from another corporation a 1-year note receivable in the amount of $15,000,with an interest rate of 6%.How did this transaction affect Balkan's financial statements? 
A) Option A 
B) Option B 
C) Option C 
D) Option D

Quizplus · Accepted Answer

The Answer of On October 1,2012,Balkan,Inc.accepted from another corporation a 1-year note receivable in the amount of $15,000,with an interest rate of 6%.How did this transaction affect Balkan's financial statements? 
A) Option A 
B) Option B 
C) Option C 
D) Option D