Amount of interest income to be included in income, Accounting Basics

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Amount of interest income to be included in income

Betty Brewster received the following interest:

• Luggage gift for purchasing a four-year certificate of deposit (fair market value): $50
• Interest on passbook savings account: $15
• Interest on certificate of deposit: $200
• Dividends on share account savings in credit union: $150
• Interest on State of Mississippi bonds issued to finance state highway construction: $300

What is the amount of interest income to be included in income?

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Accounting Basics: Amount of interest income to be included in income

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Accounting Basics: Amount of interest income to be included in income

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Accounting Basics: Amount of interest income to be included in income

Reference No:- TGS049551

Recent Questions Asked Accounting Basics

Q : Danica just completed a rape-prevention workshop

Q : What entry is required in the depositor accounts

Q : Essay written to local community on a local person

Q : Amount of interest income to be included in income

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Q : How much gain is excluded

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