On July 1, 2018, Empire Inc. lends $13,200 to a customer and receives a 10% note due in two years. Interest is due in full on July 1, 2020, the due date of the note. What is the amount of Interest Revenue that will be reported on Empire’s income statement for the year ended December 31, 2018?

The interest revenue to be reported on 31 December 2018 is $660.

Explanation:

Under the accrual or matching principle, the revenues and expenses for a period are matched and are recorded in that particular period. The note will pay interest at maturity. However, it will accrue interest evenly through out its life. The interest revenue to be recorded on December 31,2018 will be the interest revenue that relates to the period from July 2018 to December 2018 (6 months).

Interest revenue to be reported on December 31, 2018 is:

Interest revenue = 13200 * 0.1 * 6/12 = $660

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.

answer; yield to maturity;