Use the Information from Cen, Inc

question 58

Multiple Choice

Use the information from Cen, Inc. to answer questions 35 and 36.
Cen, Inc. reported the following on its December 31, 2010, balance sheet:

-Which statement is true concerning Cen's interest?

• A) Central paid a total of $60 interest during 2010.
• B) Interest was incurred during the year on more than one note.
• C) Interest of $3,200 was accrued and paid during 2010.
• D) The 'accrued interest on notes payable' amount relates to the one-year short-term notes payable.

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Definitions:

Second Language

A language learned in addition to one's native language.

Primary Language

The first language that a person learns and becomes proficient in, often from birth or during early childhood.

Stroop Effect

A demonstration of cognitive interference where a delay in the reaction time of a task occurs due to a mismatch in stimuli.

Second Language

A language that is learned after one's native language, also referred to as a foreign or additional language.