On October 1,2018,Stripes Inc

question 119

Multiple Choice

On October 1,2018,Stripes Inc.lends $100,000 to another company and accepts a 24-month,6% note.What is the amount of interest revenue Stripes will report in its 2019 income statement?

• A)$0.
• B)$1,500.
• C)$4,500.
• D)$6,000.