26、Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
The Regional Bank of Australia receives interest income on the loans it has outstanding. Durango Manufacturing Inc. also receives interest income on some surplus funds they currently have invested in corporate bonds. For each company, respectively, the interest income they receive would be classified as which type of business activity for financial reporting purposes?
| The Regional
Bank of Australia | Durango
Manufacturing Inc. | A. | Operating activity | Operating activity | B. | Operating activity | Investing activity | C. | Investing activity | Operating activity | D. | Investing activity | Investing activity |
A. Answer A B. Answer B C. Answer C D. Answer D
[此贴子已经被作者于2008-11-7 16:15:20编辑过] | 
发表于 2008-5-19 13:35
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