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On February 1 st , H&B Bank originated a loan for $ 5 0 , 0 0 0 at an interest rate of 7 .
On February st H&B Bank originated a loan for $ at an interest rate of On March th an interest payment of $ was received. Which of the following best describes when interest revenue should be recognized?
Question Answer
a
At a point in time February st
b
Over time
c
At a point in time March st
d
At a point in time March th
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