A Company Reported the Following Information How Much Cash Was Received for Interest During 2014?
A)$12,500

question 64

Multiple Choice

A company reported the following information: $\begin{array}{ll} \text { Interest receivable, December 31,2014 } &\$ 8,000 \\ \text { Interest receivable, December 31, 2013 } &11,500 \\ \text { Interest revenue for 2014 } &16,000\end{array}$
How much cash was received for interest during 2014?

• A)$12,500
• B)$19,500
• C)$ 8,000
• D)$ 3,500

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