Clover Company received a Note Receivable from a customer for a sale. The 9 percent, 9-month note was received on May 31, 2019 for an amount of $300,000. Determine the company's accrued interest receivable (from this note) on its December 31, 2019 balance sheet.
A) $13,500
B) $18,000
C) $27,000
D) $15,750
Correct Answer:
Verified
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