On October 1, Black Company receives a 4% interest-bearing note from Reese Company to settle a $21,800 account receivable. The note is due in six months. At December 31, Black should record interest revenue of a.$225 b.$215 c.$218 d.$228

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?