Return to Microspace, Inc.s bond investment in the preceding question. For the year ended December 31, 20X3,

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Return to Microspace, Inc.’s bond investment in the preceding question. For the year ended December 31, 20X3, Microspace received cash interest of $4,000. What was the interest revenue that Microspace earned in this period?

a. $3,000

c. $2,880

b. $5,000

d. $2,000

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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