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    Fundamentals of Financial Accounting Study Set 5
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    Exam 12: Reporting and Interpreting the Statement of Cash Flows
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    If Interest Revenue for the Period Is $14,000 and the Beginning
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If Interest Revenue for the Period Is $14,000 and the Beginning

Question 126

Question 126

Multiple Choice

If Interest Revenue for the period is $14,000 and the beginning and ending Interest Receivable balances are $1,320 and $5,900, respectively, cash received for interest is:


A) $14,000
B) $9,420
C) $18,500
D) $8,100

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