ACCOUNTING MISC (ACCOUNTINGMISC)

Comprehensive Module 1: Final Exam 1. Bob uses the cash method of accounting. During the tax year (calendar year), he had the following income and expenses:  Interest on a savings account (credited to his account on January 2 of next year) $ 68  Dividend received from Virginia Credit Union $814  Interest received on a 5-year certificate of deposit (left in CD account to compound)  Penalty on the early withdrawal of the 5-year certificate of deposit $910 $ 50 What is the amount of int...