Sky Company Collected $12,350 in Interest During 2011

question 79

Multiple Choice

Sky Company collected $12,350 in interest during 2011. Sky showed $1,850 in interest receivable on its December 31, 2011, balance sheet and $5,300 on December 31, 2010. The interest revenue on the income statement for 2011 was

• A) $3,450.
• B) $8,900.
• C) $12,350.
• D) $14,200.

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Definitions:

Social Venues

Places or settings where people gather for social interactions, such as parties, clubs, community centers, or public events.

Value-Expressive Influence

The effect on consumer behavior driven by the desire to express one's self-concept through the use of products or brands.

Referential Influence

The impact that the opinion of others has on an individual's choice or behavior, typically within a social context.

Informational Influence

The effect that the knowledge, opinions, or behaviors of others can have on one’s own responses, often leading to conformity due to the desire to be correct.