Nadal Company On October 1, 2012, Nadal Company received a $50,000 promissory note from Borg Company. The annual interest rate is 6%. Principal and interest will be collected in cash at the maturity date of September 30, 2013. Refer to the information provided for Nadal Company. The effect on Nadal's financial statements on September 30, 2013, is as follows:
A) Assets and equity increase
B) No net change in equity
C) Assets and liabilities increase
D) No net change in assets
A
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