Tippi Corp.invested cash in a 9-month certificate of deposit (CD) on October 1,2014.If Tippi has an accounting period which ends on December 31,2014,when would it most likely recognize interest revenue from the CD?
A) On December 31,2014 only
B) On July 1,2013 only
C) Both Dec.31,2014 and July 1,2013
D) On October 1,2014
Correct Answer:
Verified
Q61: Meta Inc.pays $18,000 to buy stock in
Q71: On July 1,2014,Tipper Corp.purchased $100,000 of 8%
Q73: On February 1,2014,Shine Corp.pays $50,000 for shares
Q76: Hedron Corp.invested cash in a 6-month certificate
Q102: What are the effects on the accounting
Q111: When are consolidated financial statements prepared?
A)At the
Q112: When a note receivable has been discounted
Q116: Cushion Sports accepted a credit card account
Q118: When one company purchases less than 50%
Q127: Which of the following statements is true
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents