Answer
By the fact that WFSI’s income is in the from of interest, we know that the organization is a finance entity for the customers of Westinghouse Electric Corporation. Current accounts remit both principle and interest to WFSI, which recognizes the income (interest) and remits the principle to Westinghouse Electric Corp. Delinquent accounts are flagged after missing two payments.
Work Step by Step
Notably, WFSI doesn't accrue interest on delinquent accounts.
