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Determine the company accrued interest receivable

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Question - Luna Company received a Note Receivable from a customer for a sale. The 9 percent, 9-month note was received on May 31, 2016 for an amount of $600,000. Determine the company's accrued interest receivable (from this note) on its December 31, 2016 balance sheet.

A) 27,000

B) 54,000

C) 36,000

D) 31,500

Reference no: EM133107848

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