Dallas Corp How Much Cash Was Received for Interest During 2017?
A)

question 97

Multiple Choice

Dallas Corp.reported the following information for 2016 and 2017. $$\begin{array} { l r } \text { Interest receivable, December } 31,2016 & \$ 1,100 \\\text { Interest receivable, December } 31,2017 & 1,400 \\\text { Interest income-2017 } & 3,200\end{array}$$ How much cash was received for interest during 2017?

• A) $2,900
• B) $3,200
• C) $3,500
• D) $3,800

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