Vivo Co.received an 8-month, 9% note for $100,000 from its agent on October 1, 2016.The note is due on May 30, 2017.If Vivo accounting period ends on December 31, 2016, how much interest revenue should Vivo recognize during 2016 and 2017? $\begin{array}{lr}
\frac{2016}{} & \underline{2017} \
\text { a. } \$ 3,750 & \$ 2,250 \
\text { b. } \$ 2,250 & \$ 3,750 \
\text { c. } \$ 9,000 & \$ 0 \
\text { d. } \$ 3,375 & \$ 5,625
\end{array}$

Question

Vivo Co.received an 8-month, 9% note for $100,000 from its agent on October 1, 2016.The note is due on May 30, 2017.If Vivo accounting period ends on December 31, 2016, how much interest revenue should Vivo recognize during 2016 and 2017? ​ $\begin{array}{lr}
\frac{2016}{} & \underline{2017} \
\text { a. } \$ 3,750 & \$ 2,250 \
\text { b. } \$ 2,250 & \$ 3,750 \
\text { c. } \$ 9,000 & \$ 0 \
\text { d. } \$ 3,375 & \$ 5,625
\end{array}$

Quizplus · Accepted Answer

The Answer of Vivo Co.received an 8-month, 9% note for $100,000 from its agent on October 1, 2016.The note is due on May 30, 2017.If Vivo accounting period ends on December 31, 2016, how much interest revenue should Vivo recognize during 2016 and 2017? ​ $\begin{array}{lr}
\frac{2016}{} & \underline{2017} \
\text { a. } \$ 3,750 & \$ 2,250 \
\text { b. } \$ 2,250 & \$ 3,750 \
\text { c. } \$ 9,000 & \$ 0 \
\text { d. } \$ 3,375 & \$ 5,625
\end{array}$

Vivo CoReceived an 8-Month, 9% Note for $100,000 from Its Agent