2/12 is the time fraction needed to compute interest revenue for the year ended December 31, 2018.
The required details about interest revenue is mentioned in the paragraph below.
Interest sales is the income that an entity gets from any investments it makes, or on debt it owns. Under the accrual foundation of accounting, a commercial enterprise ought to file hobby sales although it has now no longer but been paid in coins for the hobby, as lengthy because it has earned the hobby; that is accomplished with an accrual magazine access. Under the coins foundation of accounting, hobby sales are best recorded whilst a coins charge for hobby is obtained through the entity. The foremost trouble with hobby sales is in which to file it on the earnings statement. If an entity is withinside the enterprise of incomes hobby sales, which includes a lender, then it needs to file hobby sales withinside the sales segment on the pinnacle of the earnings statement.
Thus, the time fraction needed 2/12 to compute interest revenue.
To learn about Interest revenue visit here.
https://brainly.com/question/19341720
#SPJ4
