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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.
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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