On 31 January 2022, Gorgon Ltd invested $80,000 in a 2-year fixed term deposit earning...
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Accounting
On 31 January 2022, Gorgon Ltd invested $80,000 in a 2-year fixed term deposit earning 4% p.a. Interest is paid quarterly and Gorgon Ltd received the interest it was due on 30 April 2022.
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Calculate, to the nearest whole dollar, the amount of revenue Gorgon Ltd would recognise for the year ended 30 June 2022.
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