Toppson Corp invested cash in a 9-month certificate of deposit (CD) on October 1, 2016 . If Toppson has an accounting period which ends on December 31, 2016, when would it most likely recognize interest revenue from the CD?
a. On December 31, 2016 only
b. On July 1, 2017 only
c. Both Dec. 31, 2016 and July 1, 2017
d. On October 1, 2016
c
Business
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