On January 1, 2012, Ball Co

question 89

Multiple Choice

On January 1, 2012, Ball Co.exchanged equipment for a $160,000 zero-interest-bearing note due on January 1, 2015.The prevailing rate of interest for a note of this type at January 1, 2012 was 10%.The present value of $1 at 10% for three periods is 0.75.What amount of interest revenue should be included in Ball's 2013 income statement?

• A)$0
• B)$12,000
• C)$13,200
• D)$16,000

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Definitions:

Items

refers to individual objects or units that are part of a collection, list, or set, often considered for analysis or evaluation.

Coding Categories

In qualitative research, this refers to the systematic arrangement of text or data into groups or themes for the purpose of analysis.

Directed Content Analysis

A methodology in qualitative research where existing theory or research guides the analysis of textual data.

Existing Theories

Pre-established theoretical frameworks or hypotheses that are used to guide research, explain phenomena, or make predictions.