When the amount of interest receivable decreases during an accounting period:
A. Accrual-basis revenues exceed cash collections from borrowers.
B. Accrual-basis revenues are less than cash collections from borrowers.
C. Accrual-basis expenses are less than cash payments to borrowers.
D. Accrual-basis net income exceeds cash-basis net income.
Answer: B
You might also like to view...
Commercial paper is a type of:?
A. ?promissory note. B. ?credit note. C. ?debit note. D. ?bond indenture. E. ?T-bill.
You go to your favorite restaurant and select a complete dinner from the menu presented to you. The waiter does not discuss price and you do not ask. Has a contract been formed?
A patent and a copyright are examples of intellectual property, but a trademark is not an example of intellectual property
Indicate whether the statement is true or false
In which phase of the SCOP process is there an increased emphasis on responding to customer expectations of providing a clean, sustainable value chain?
a. supply planning b. demand planning c. impact on existing products d. operations planning