If comparative balance sheets indicate no notes receivable


If comparative balance sheets indicate no notes receivable onthe first, or base, date and a $50,000 note receivable on the laterdate, the increase of $50,000:

a. can be stated as 0%

b. can be stated as 100% increase

c. can be stated as 500% increase

d. cannot be stated as a percentage

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Accounting Basics: If comparative balance sheets indicate no notes receivable
Reference No:- TGS0598104

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