On September 1,2018,Middleton Corp

question 168

Multiple Choice

On September 1,2018,Middleton Corp.lends cash and accepts a $1,000 note receivable that offers 12% interest and is due in six months.How much interest revenue will Middleton Corp.report during 2019?

• A)$20.
• B)$40.
• C)$30.

---

Definitions:

Superior Mesenteric Artery

A major artery that supplies blood to the intestines, including parts of the stomach, pancreas, and the lower portion of the esophagus.

Small Intestine

A long, coiled section of the gastrointestinal tract where most digestion of food and absorption of nutrients occurs.

Cecum

Cul-de-sac forming the first part of the large intestine.

Renal Arteries

Blood vessels that supply the kidneys with blood, enabling them to filter waste products from the blood to produce urine.