Betty brewster received the following interest what is the, Ask an Expert

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Betty Brewster received the following interest:

• Luggage gift for purchasing a four-year certificate of deposit (fair market value): $50
• Interest on passbook savings account: $15
• Interest on certificate of deposit: $200
• Dividends on share account savings in credit union: $150
• Interest on State of Mississippi bonds issued to finance state highway construction: $300

What is the amount of interest income to be included in income?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M949551

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