Cuisine Company received a 6-month, 6% note for $10,000 from its president on October 1, 2016 . The note is due on March 31, 2017 . If Cuisine's accounting period ends on December 31, how much interest revenue should Cuisine recognize during 2016 and 2017? 2016 2017
a.
$450 $150
b.
$600 $ 0
c.
$300 $300
d.
$150 $150
d
Business
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