What Is the Interest Revenue That Technoid Would Report on This

question 10

Multiple Choice

What is the interest revenue that Technoid would report on this lease in its 2009 income statement?

• A)$0
• B)$1,673,820
• C)$876,882
• D)None of these is correct.This is $876,662 interest for the first 6 mo.: ($20,000,000 lease payment of $2,466,754) 5%, plus $797,158 for the second 6 mo.: ($20,000,000 lease payment of $2,466,754 [$2,466,754 876,662]) 5%