When the Amount of Interest Receivable Decreases During an Accounting

question 54

Multiple Choice

When the amount of interest receivable decreases during an accounting period:

• A)Accrual-basis interest revenues exceed cash collections from borrowers.
• B)Accrual-basis net income exceeds cash-basis net income.
• C)Accrual-basis interest revenues are less than cash collections from borrowers.
• D)Accrual-basis net income is less than cash-basis net income.

---

Definitions:

Glucose

An elementary sugar vital for energy in living entities and a key element of several carbohydrate types.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in the air and absorbed by plants in photosynthesis.

Monosaccharides

Simple sugars that are the most basic form of carbohydrates, including glucose and fructose.

Isomers

Molecules having the same number and types of atoms but differing in their three-dimensional arrangement.