Toppson Corp.invested cash in a nine-month certificate of deposit (CD) on October 1,2017.If Toppson has an accounting period that ends on December 31,2017,when would it most likely recognize interest revenue from the CD?
A) On December 31,2017,only
B) On July 1,2018,only
C) Both December 31,2017 and July 1,2018
D) On October 1,2017
Correct Answer:
Verified
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