Respuesta :
Black should report interest income of $77,000 on December 31 (15,400 x 10 x 6/12).
Is interest income or capital?
In other words, interest receivable refers to the anticipated interest income that a business will receive. Interest receivable is typically represented as a current asset in the balance sheet as long as it may be normally assumed to be paid within one year.
What is an illustration of interest income?
A bank's interest income would be $50 million if its portfolio of loans totals $1 billion and earns an average interest rate of 5%. On the liabilities side, the bank's interest expenditure would be $24 million if it had $1.2 billion in outstanding customer deposits generating 2% interest.
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