On December 1, 2015, Parsons Inc

question 77

Multiple Choice

On December 1, 2015, Parsons Inc. sold machinery to a customer for $20,000. The customer could not pay at the time of sale, but agreed to pay 9 months later, and signed a 9-month note at 9% interest. How much interest revenue was earned during the year 2016?

• A)$900
• B)$1,800
• C)$1,600
• D)$1,200

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Definitions:

Penis Erection

The process whereby the penis becomes firm, engorged, and enlarged, typically in response to sexual arousal.

Semen Synthesis

The process by which semen is produced, involving the secretion of fluids from the seminal vesicles, prostate gland, and other glands into the ejaculatory ducts.

Seminal Vesicles

Glands located near the prostate that produce a significant portion of the fluid constituting semen.

Urine

A liquid by-product of metabolism in humans and many animals, expelled from the body.