Interest Revenue for the Current Year Is $90,000

question 104

Multiple Choice

Interest revenue for the current year is $90,000.Interest payable increased $41,000 during the year and Interest receivable increased $55,000 during the year.No discount or premium was amortized.What is the cash received for interest revenue?

• A)$35,000
• B)$49,000
• C)$90,000
• D)$145,000

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Definitions:

Pictorial Stage

A developmental phase in children's art where they start to represent objects more recognizably and with detail.

Drawings

Artistic representations made with pencils, pens, crayons, or other tools on a surface, capturing scenes, ideas, or concepts.

Ages

Different stages of human life categorized by chronological years.

Left Handedness

Refers to the preference of using the left hand for tasks such as writing and eating, typically related to brain hemisphere dominance.