At the end of the accounting period, a company has accrued interest revenue that will not be received until the next accounting period. The adjusting entry would include a:
A) debit to Interest Expense.
B) debit to Interest Payable.
C) debit to Interest Revenue.
D) debit to Interest Receivable.
D
Business
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There are ________ risk and ________ returns to investors in private equity buyouts
A) high; low B) low; high C) high; high D) low; low
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An oil company is buying a semi-submersible oil rig for $15 million. Additionally, it will cost $1.5 million to move the oil rig to the oil-field and to prepare it for operations
If it is depreciated over five years using straight-line depreciation, what are the yearly depreciation expenses in this case? A) $2.7 million B) $3.0 million C) $3.3 million D) $3.8 million
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