On April 1, Sally is given $20,000 worth of City of Boise bonds for her 18th birthday. On June 30, Sally receives the $800 annual interest payment on the bonds. How much income should Sally recognize because of these two events?a. $- 0 -
b. $200
c. $800
d. $20,000
e. $20,800
Answers: 2
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On April 1, Sally is given $20,000 worth of City of Boise bonds for her 18th birthday. On June 30, S...
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