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During Year 2, the cash flows related to Global Data, Incorporated's lending and borrowing activities are summarized as follows: Cash lent to borrowers $ 132,600
During Year 2, the cash flows related to Global Data, Incorporated'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, Year 1, and is $10,500 at the end of Year 2, interest revenue reported in Global Data's income statement for Year 2 must have been: Question 25 options: $21,000. $35,700. $4,200. $16,800
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