Question and answer
In preparing the financial statements at the end of the year, the balance in the interest revenue account will be reported on the balance sheet as a current asset. True False
In preparing the financial statements at the end of the year, the balance in the interest revenue account will be reported on the balance sheet as a current asset. FALSE. It will be reported on the income statement.
s
Question
Asked 11/23/2014 3:15:05 PM
Updated 11/23/2014 9:02:23 PM
1 Answer/Comment
Get an answer
New answers
Rating
8
In preparing the financial statements at the end of the year, the balance in the interest revenue account will be reported on the balance sheet as a current asset. FALSE. It will be reported on the income statement.
Added 11/23/2014 9:02:23 PM
This answer has been confirmed as correct and helpful.
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
34,460,268
questions answered
Popular Conversations
The correct plural of the noun attorney is _______. The primary ...
Weegy: The correct plural of noun attorney is attorneys.
9/17/2021 5:26:50 PM| 15 Answers
The correct plural of the noun attorney is _______. The primary ...
Weegy: The correct plural of noun attorney is attorneys.
9/22/2021 12:44:42 PM| 12 Answers
For each blank, write a word that is an antonym of the italicized ...
Weegy: He couldn t bear the cold of Alaska after living in the HEAT of Texas.
9/21/2021 6:52:09 PM| 9 Answers
Earthquakes can only occur at a fault if the fault experiences ...
Weegy: Earthquakes can only occur at a fault if the fault experiences compression force in convergent plate boundaries ...
9/13/2021 2:29:33 AM| 6 Answers
Another name for World War I is _______. Nationalism, alliances, ...
Weegy: Another name for World War I is: the Great War.
9/23/2021 3:46:55 PM| 6 Answers
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
S
L
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
P
1
L
P
1
Points 728 [Total 6601] Ratings 14 Comments 588 Invitations 0 Online
S
L
Points 634 [Total 868] Ratings 1 Comments 624 Invitations 0 Offline
S
L
P
P
L
P
Points 467 [Total 7677] Ratings 14 Comments 327 Invitations 0 Offline
S
L
Points 447 [Total 613] Ratings 6 Comments 387 Invitations 0 Offline
S
L
R
P
Points 208 [Total 3157] Ratings 8 Comments 128 Invitations 0 Offline
S
L
Points 158 [Total 1510] Ratings 1 Comments 148 Invitations 0 Offline
S
L
P
P
Points 145 [Total 3920] Ratings 2 Comments 125 Invitations 0 Offline
S
L
Points 136 [Total 162] Ratings 0 Comments 136 Invitations 0 Offline
S
L
L
P
Points 131 [Total 5926] Ratings 1 Comments 121 Invitations 0 Offline
S
L
Points 118 [Total 144] Ratings 6 Comments 58 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.