Suppose a customer is unable to pay its account on time,so the company accepts a six-month interest-bearing note receivable to replace the customer's account receivable.Over the next six months,what effect will accepting the note receivable have on the company's financial statements?
A) Total assets increase.
B) Total revenues increase.
C) Net income increases.
D) All of the other answers are financial statements effects that will occur.
Correct Answer:
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