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:

Counseling

The professional guidance of individuals by utilizing psychological methods, especially in collecting case history data, using various techniques of the personal interview, and testing interests and aptitudes.

Key Component

An essential element or part that plays a crucial role in the structure or functionality of a system.

Alpha Or Numeric

Alpha or numeric describes a system or code that includes both letters (alphabetic) and numbers (numeric) for classification or identification purposes.

ICD-9-CM

International Classification of Diseases, 9th Revision, Clinical Modification, a system used in the United States for coding and classifying morbidity data.