Multiple Choice
Interest revenue for the current year is $90,000.Interest payable increased $41,000 during the year and Interest receivable increased $55,000 during the year.No discount or premium was amortized.What is the cash received for interest revenue?
A) $35,000
B) $49,000
C) $90,000
D) $145,000
Correct Answer:
Verified
Correct Answer:
Verified
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