ABC CorpReceived a 3-Month,at 8% Per Year,$1,500 Note Receivable on November

question 43

Multiple Choice

ABC Corp.received a 3-month,at 8% per year,$1,500 note receivable on November 1.The adjusting entry on December 31 will include a:

• A)debit to Interest Revenue of $20.
• B)credit to Interest Receivable of $10.
• C)credit to Interest Revenue of $120.
• D)credit to Interest Revenue of $20.

---

Definitions:

Business Level Strategies

Plans developed by a business to achieve competitive advantage, focusing on winning over customers, competing in specific markets, and managing product lines.

Job Descriptions

Formal accounts of the duties, responsibilities, required qualifications, and reporting relationships of a specific job.

Training Plans

Structured programs designed to enhance the skills, knowledge, and competencies of employees for improved performance.

Functional Job Analysis

A systematic approach to job evaluation, examining the tasks, duties, and responsibilities of a job to determine its value and classification in an organization.