Solved: If zenephia has an accounting period which ends on december, Accounting Basics

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If zenephia has an accounting period which ends on december

Zenephia Corp. invested cash in a 9-month certificate of deposit (CD) on October 1, 2010. If Zenephia has an accounting period which ends on December 31, 2010, when would it most likely recognize interest revenue from the CD?

On December 31, 2010 only

On July 1, 2011 only

Both December 31, 2010 and July 1, 2011

On October 1, 2010

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Accounting Basics: If zenephia has an accounting period which ends on december

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Accounting Basics: If zenephia has an accounting period which ends on december

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