At December 31, bright should record interest revenue of $100. Money gained by lending money or money acquired from depositing or investing can both be referred to as interest revenue.
Is interest revenue a liability or an asset?
If a company anticipates receiving the interest payment within the year, it typically records the interest receivable as a current asset on its balance sheet. Companies that collect interest from loans view this revenue as a significant source of income that belongs at the top of the income statement. It is the price of taking out a loan from a bank, financial institution, bond buyer, or another lender. In order to assist a business finance its operations, such as the acquisition of rival businesses or machinery, plant, and property, interest expense is incurred.
To learn more about interest revenue, refer to:
brainly.com/question/27992328
Answer:
$254,700
Explanation:
Data provided in the question
Land Purchased = $250,000
Property taxes = $1,500
Attorney fees = $1,000
Land graded = $2,200
The calculation of the cost for the land is shown below:-
Cost for the land = Land Purchased + Property taxes + Attorney fees + Land graded
= $250,000 + $1,500 + $1,000 + $2,200
= $254,700
Out of the choices given, the one that is NOT a source that provides data to credit bureaus is the Internal Revenue Service. The correct answer is D, Internal Revenue Service.
D. they actively tailor thier communications to suit the needs, interests, and objectives of the organization
<span>You decide to go to a consumer cooperative to buy supplies for your class party prices are cheaper there mainly because consumer cooperatives are making larger or more purchases. The answer to the given statement is making larger of more purchases.</span>