Use the Following Information for Questions

question 13

Multiple Choice

Use the following information for questions.
On January 1, 2011, in an effort to lure Tar-Mart, a major discount retail chain to the area, the city of Bordeaux agreed to provide the company with a €6,000,000 three-year, Zero-interest bearing note.The prevailing rate of interest for a loan of this type is 10% and the present value of €6,000,000 at 10% for three years is €4,507,800.
-At the end of 2011, Tar-Mart will recognize

• A)interest expense of €450,780.
• B)grant revenue of €450,780.
• C)interest revenue of €149,220.
• D)none of these.

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Definitions:

Implicit Memory

Refers to unconscious memory processes that enable humans to perform tasks without actively thinking about them, such as riding a bike.

Explicit Memory

A type of long-term memory involving conscious recollection of factual information, previous experiences, and concepts.

Verbal Memory

The ability to remember and recall verbal information, including words and languages.

Visuospatial Memory

Use of visual information to recall an object’s location in space.