Interest revenue for 2015 is $120,000. Interest payable increased $43,000 during the year and Interest receivable increased $50,000 during the year. No discount or premium was amortized. What is the cash received for interest revenue?
A) $70,000
B) $77,000
C) $120,000
D) $170,000
A
Explanation: A) $120,000 - $50,000 = $70,000
Business
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