Norys Corp

question 169

Multiple Choice

Norys Corp.received an 8-month,9% note for $100,000 from its agent on October 1,2014.The note is due on May 30,2015.If Norys' accounting period ends on December 31,2014,how much interest revenue should Norys recognize during 2014 and 2015? 2014 2015

• A)$ 3,750 $ 2,250
• B)$ 2,250 $ 3,750
• C)$ 9,000 $ -0-
• D)$ 3,375 $ 5,625

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Definitions:

Manifest Needs Theory

A psychological theory suggesting that certain human needs are openly communicated and visible, influencing behavior in different situations.

Affiliation

The need or desire to form connections with others, often driven by a sense of belonging or social identity.

Valence

In psychology, the intrinsic attractiveness or averseness of an event, object, or situation.

Frustration-Regression Principle

A concept from the field of psychology suggesting that when an individual's progress toward a goal is blocked, they may regress to previously held behaviors.