How much interest revenue should blackrock recognize, Accounting Basics

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How much interest revenue should blackrock recognize

Blackrock Company received a 6-month, 12% note for $100,000 from its president on November1, 2010. The note is due on April 30, 2011. If Blackrock's accounting period ends on December 31, how much interest revenue should Blackrock recognize during 2010 and 2011?

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Accounting Basics: How much interest revenue should blackrock recognize

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Accounting Basics: How much interest revenue should blackrock recognize

Reference No:- TGS0686137

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Recent Questions Asked Accounting Basics

Q : Calculate the accounts receivable turnover ratio

Q : The human resources manager proposing

Q : Calculate the standard absorption cost

Q : How to use the released production

Q : How much interest revenue should blackrock recognize

Q : Calculate trip distance and time

Q : How to refer the preston wade information

Q : Target cost per crepe

Q : Determine the balances in the supplies and supplies expense

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much interest revenue should blackrock recognize

Reference No:- TGS0686137

Recent Questions Asked Accounting Basics

Q : Calculate the accounts receivable turnover ratio

Q : The human resources manager proposing

Q : Calculate the standard absorption cost

Q : How to use the released production

Q : How much interest revenue should blackrock recognize

Q : Calculate trip distance and time

Q : How to refer the preston wade information

Q : Target cost per crepe

Q : Determine the balances in the supplies and supplies expense

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