Question : 44.On April 1, 2016, a firm accepted a 3-month, 10 : 1220476
44.On April 1, 2016, a firm accepted a 3-month, 10 percent note for $1,800 from a customer with an overdue balance. The accrued interest recorded for this note for the year ended May 31, 2016, is A.$30. B.$60. C.$150. D.$180. 45.With the accrual basis of accounting, it is appropriate to recognize revenue from a credit sale A.on the date of the sale. B.on the […]