Week Instructions - READ MEIL x + m/assignment/4664310050/assessment Return to page 15 Question 15 (1 point) On June 14, Multi Sports received a 90-day note payable from Single Sport, instead of cash payment of an overdue account. The amount of the note was $45,000 at an interest rate of 10%. What is the total amount of interest for the note? a. 974.23 b. 1109.59 c. 1024.15 d. 1153.25 Return to page 16 Question 16 (1 point) During the current year. Techcom concluded that a customer's 54,400 account receivable was uncollectible and that the account should be written off. What effect will this write-off have on TechCom's current year net income and balance sheet assuming the allowance method is used to account for bad debts? a Decrease in net income decrease in total assets b. Decrease in net income, no effect on total assets c. No effect on net income or on total assets d. No effect on net income: decrease in total assets Return to page 17 Question 17 1 point) The characteristics of a liability include b.stence of a present obligation salatility can be current or noncorrent dicement of future payment of an arrendering OF