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Intermediate accounting 1 On February 1St, H&B Bank originated a loan for $50,000 at an interest rate of 7.2%. On March 15th, an interest payment

Intermediate accounting 1

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On February 1St, H&B Bank originated a loan for $50,000 at an interest rate of 7.2%. On March 15th, an interest payment of $300 was received. Which of the following best describes when interest revenue should be recognized? Multiple Choice O At a point in time (March 31st) O At a point in time (March 15th) O At a point in time (February ist) O Over time

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