When a Company Receives Interest Revenue from a Held-To Maturity

question 54

Multiple Choice

When a company receives interest revenue from a held-to maturity bond,the journal entry includes:

• A)a debit to Interest Revenue and credit to Cash.
• B)a debit to Dividend Revenue and credit to Cash.
• C)a debit to Cash and credit to Dividend Revenue.
• D)a debit to Cash and credit to Interest Revenue.

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Definitions:

Pictorial Assembly

A detailed drawing showing how different parts of an object fit together, using three-dimensional visual representation for clarity.

Subassembly Drawing

Technical drawings that detail how a part of a larger assembly, or subassembly, is constructed or fits together.

Complex Product

A complex product consists of multiple components, often involving intricate design and engineering to meet specific functionality and performance requirements.

Bill of Material

A comprehensive list detailing the raw materials, parts, and components, including quantities, needed to manufacture or assemble a product.