Under the direct method of preparing the statement of cash flows, which statement is CORRECT regarding the method of computing interest revenue?
A) Interest revenue plus a decrease in interest receivable
B) Sales plus a decrease in interest receivable
C) Interest revenue less a decrease in interest receivable
D) Interest revenue plus an increase in interest receivable
Correct Answer:
Verified
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A)$80,000.
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D)none of the above.
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