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Question Content Area On October 1, Black Company receives a 4% interest-bearing note from...

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Accounting

Question Content Area
On October 1, Black Company receives a 4% interest-bearing note from Reese Company to settle a $17,400 account receivable. The note is due in six months. At December 31, Black should record interest revenue of
a. $174
b. $181
c. $171
d. $184

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