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Calculate the accrued interest on the note at december

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Reference no: EM132696329

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Q1. The activities that are included in the operating activities section of the statement of cash flows are ________.

A) activities that involve stockholders' equity

B) activities that pertain to construction of new facilities

C) activities that increase or decrease long-term assets

D) activities that create revenue or expenses

Q2. On October 1, 2019, Fashion Jewelers accepted a 5-month, 11% note for $7500 in settlement of an overdue account receivable. The accounting period ends on December 31. Calculate the accrued interest on the note at December 31, 2019.

A) $344

B) $206

C) $413

D) $825

Reference no: EM132696329

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