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ABC Corporation holds a $90,000 Certificate of Deposit (CD) paying annual interest of 4 percent. The most recent balance sheet shows an Interest Receivable asset

ABC Corporation holds a $90,000 Certificate of Deposit (CD) paying annual interest of 4 percent. The most recent balance sheet shows an Interest Receivable asset of $1,800 related to this CD. How many months earlier did the company purchase (invest in) the CD?

a.

6 months ago.
b.

4 months ago.
c.

3 months ago.
d.

8 months ago.

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