Testbank Multiple Choice Question 68 If plant assets of a manufacturing company are sold at a gain of $1860000 with related taxes of $534000, and the gain is not considered unusual or infrequent, the income statement for the period would disclose these effects as a prior period adjustment net of applicable taxes, $1326000. O a discontinued operations gain net of applicable taxes, $1326000. O again of $1860000 and an increase in income tax expense of $534000. operating income net of applicable taxes, $1326000. Click if you would like to Show Work for this question: Open Show Work Testbank Multiple Choice Question 94 A company receives interest on a $94000, 9%, 5-year note receivable each April 1. At December 31, 2020, the following adjusting entry was made to accrue interest receivable: Interest Receivable 6345 Interest Revenue 6345 Assuming that the company does not use reversing entries, what entry should be made on April 1, 2021 when the annual Interest payment is received? O Cash 2115 Interest Revenue 2115 Cash 8460 Interest Receivable Interest Revenue 6345 2115 O Cash 8460 Interest Revenue 8460 O Cash 6345 Interest Receivable 6345 Click if you would like to show Work for this question: Doen Show. Work