If Global Data's Income Statement for 2009 Reports Interest Expense

question 108

Multiple Choice

If Global Data's income statement for 2009 reports interest expense of $25,200, then:

• A) Interest payable decreased by $16,800 in 2009.
• B) Interest payable increased by $16,800 in 2009.
• C) Interest payable at the end of 2009 amounts to $16,800.
• D) Either the amount reported in the income statement or the interest payment shown above must be incorrect.

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Definitions:

WiMAX

Worldwide Interoperability for Microwave Access, a wireless communication standard designed to provide high-speed broadband access over long distances.

Wide-area

A term typically used in networking to describe a network that covers a large geographic area, such as a city, country, or even intercontinental distances, often referred to as a WAN (Wide Area Network).

Wireless Network

A computer network that uses wireless data connections between network nodes, enabling devices to connect to the internet without physical wires.

First Generation

Referring to the earliest stage or version of a product, technology, or system, often characterized by being the initial attempt or introductory iteration.