Use the Information from Cen, Inc

Multiple Choice

Use the information from Cen, Inc. to answer questions 35 and 36.
Cen, Inc. reported the following on its December 31, 2010, balance sheet:

-Which statement is true concerning Cen's interest?

A) Central paid a total of $60 interest during 2010.
B) Interest was incurred during the year on more than one note.
C) Interest of $3,200 was accrued and paid during 2010.
D) The 'accrued interest on notes payable' amount relates to the one-year short-term notes payable.