Multiple Choice
Sky Company collected $12,350 in interest during 2011. Sky showed $1,850 in interest receivable on its December 31, 2011, balance sheet and $5,300 on December 31, 2010. The interest revenue on the income statement for 2011 was
A) $3,450.
B) $8,900.
C) $12,350.
D) $14,200.
Correct Answer:
Verified
Correct Answer:
Verified
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