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During 2018, the cash flows related to Global Data, Inc.'s lending and borrowing activities are summarized as follows: Cash lent to borrowers $ 132,600 Payment
During 2018, the cash flows related to Global Data, Inc.'s lending and borrowing activities are summarized as follows:
Cash lent to borrowers | $ | 132,600 | |||||
Payment to retire bonds payable | $ | 367,500 | |||||
Proceeds from borrowing at bank (note payable) | $ | 220,500 | |||||
Interest received from borrowers | $ | 31,500 | |||||
Interest payments made on bonds payable | $ | 42,000 | |||||
If interest receivable was $6,300 at December 31, 2017, and is $10,500 at the end of 2018, interest revenue reported in Global Data's income statement for 2018 must have been:
Select one:
a. $16,800.
b. $21,000.
c. $35,700.
d. $4,200.
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