If Interest Receivable Was $6,300 at December 31, 2008, and Is

question 34

Multiple Choice

If interest receivable was $6,300 at December 31, 2008, and is $10,500 at the end of 2009, interest revenue reported in Global Data's income statement for 2009 must have been:

• A) $16,800.
• B) $21,000.
• C) $35,700.
• D) $4,200.

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Definitions:

Consumption Function

An economic formula that depicts the relationship between total consumption and gross national income, indicating how income affects spending.

Future Expectations

Anticipations or predictions about the economy or financial markets based on current events or trends that can influence consumer and investor behaviors.

Market Interest Rate

The prevailing rate at which borrowers can obtain loans and savers can earn on their investments in the open market.

Investment Decision

The process of evaluating the potential profitability or worth of an investment or project.