On April 1, 2010, Wild Flowers loans $20,000 to its subsidiary, Domestic Flowers, under a 4-year, 6% note, with interest due each March 31. Which one of the following is the amount of interest receivable that should be recorded by AJE by Wild Flowers at December 31, 2011 [the 2nd annual balance sheet date after the loan is made]?

A. $1,200
B. $900
C. $2,100
D. $0

Answer rating: 100% (QA)

interest amount every year pr interest per year20 000 6100 1... View the full answer