A Company Had the Following Partial List of Account Balances

question 75

Multiple Choice

A company had the following partial list of account balances at year-end: How much is net sales revenue?

• A)$91,900.
• B)$90,700.
• C)$89,900.
• D)$88,600.

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Definitions:

Interest Revenue

Earnings generated by providing loans or placing money into financial vehicles that accrue interest.

Temporary Investment

Short-term investments made by a company to earn a return on idle cash without impacting its liquidity.

Long-Term Investment

Investments held for an extended period, usually more than one year, with the intention of gaining significant returns over time.

Dividends Received

Income earned from investments in the form of payments distributed by a corporation to its shareholders.