Interest revenue for the current year is $100,000. Interest payable increased $41,000 during the year and...
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Interest revenue for the current year is $100,000. 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? Interest revenue for the current year is $100,000. 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?
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To determine the cash received for interest revenue we need to consider the changes in intere... View the full answer
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date:
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