Use the Following Information for the Following Questions:
Orange Corp

question 53

Multiple Choice

Use the following information for the following questions:
Orange Corp reported the following items on its calendar 2020 statement of comprehensive income:
$\begin{array}{llcc} \text { Interest revenue..................... } &\$84,200 \\ \text { Salaries expense..................... } &72,000\\ \text { Insurance expense.................. } &10,600\\\end{array}$
As well, their statements of financial position showed the following balances:
$\begin{array}{llcc} &\underline{\text {December 31, 2019 } } &\underline{ \text {December 31. } } \\ \underline{\text {2020 }} & & \\ \text {Accrued interest receivable................ } &\$10,100&\$8,800\\ \text { Accrued salaries payable...................} &9,800&5,400\\ \text { Prepaid insurance..............................} &1,500&1,600\\\end{array}$

-The cash received for interest during 2020 was

• A) $ 82,900.
• B) $ 84,200.
• C) $ 85,500.
• D) $ 74,100.

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Definitions:

Tax Revenues

The income that is received by a government from taxpayers within its jurisdiction, used to fund public services and obligations.

Government Spending

The total amount of public sector expenditure on goods and services, including infrastructure, healthcare, and education.

Migration Distance

The measure of the geographical distance covered during migration, either by individuals, groups, or species.

Cost-benefit Evaluation

A process used to compare the costs and benefits of a decision, project, or policy to determine its feasibility or worthiness.