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Dallas Corp How Much Cash Was Received for Interest During 2018?

Question 138

Multiple Choice

Dallas Corp.reported the following information for 2017 and 2018:  Interest receivable, December 31,2017$1,100 Interest receivable, December 31,20181,400 Interest income-2018 3,200\begin{array}{lr}\text { Interest receivable, December } 31,2017 & \$ 1,100 \\\text { Interest receivable, December } 31,2018 & 1,400 \\\text { Interest income-2018 } & 3,200\end{array} How much cash was received for interest during 2018?


A) $2,900
B) $3,200
C) $3,500
D) $3,800

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