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Flagbush General Hospital received interest payments of $ 8,600 during 20X2. Its balance sheets report accrued interest receivable as follows: 12/31/X1 $ 1,100 12/31/X2 $
Flagbush General Hospital received interest payments of $ 8,600 during 20X2. Its balance sheets report accrued interest receivable as follows:
12/31/X1 $ 1,100
12/31/X2 $ 1,400
What amount should be reported as interest income in their 20X2 statement of operations?
$ 8,900 |
$ 7,500 |
$ 7,200 |
not enough information |
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