Wagner's Bookstore Acquires a 6%,$12,000 Certificate of Deposit on September

question 40

Multiple Choice

Wagner's Bookstore acquires a 6%,$12,000 certificate of deposit on September 1.The term of the CD is six months.At that time,all principal and accrued interest will be paid in cash.Indicate the effect on the financial statements at December 31.

• A)Interest Receivable increases $240,Interest Revenue increases $240
• B)Interest Receivable increases $360,Interest Revenue increases $360
• C)Interest Receivable increases $480,Interest Revenue increases $480
• D)Interest Receivable increases $720,Interest Revenue increases $720

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Definitions:

Church Attendance

The act of going to church services, which can be a measure of religious commitment or community involvement.

Communal Dining

The practice of eating together in a shared space, which can encourage social interaction, build community, and enhance the dining experience.

Emotional Intimacy

The closeness between two individuals marked by sharing of personal feelings, thoughts, and emotional support.

Lesbians

Women who are romantically and sexually attracted to other women.