When the Amount of Interest Receivable Decreases During an Accounting

Multiple Choice

When the amount of interest receivable decreases during an accounting period:

A) Accrual-basis interest revenue exceeds cash collection from borrowers.
B) Accrual-basis net income exceeds cash-basis net income.
C) Accrual-basis interest revenue is less than cash collection from borrowers.
D) Accrual-basis net income is less than cash-basis net income.