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  3. Study Set
    Intermediate Accounting Study Set 6
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    Exam 14: Long-Term Liabilities and Receivables
  5. Question
    The Journal Entry to Recognize the Impairment of a Note
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The Journal Entry to Recognize the Impairment of a Note

Question 2

Question 2

Multiple Choice

The journal entry to recognize the impairment of a note receivable includes a


A) debit to Bad Debt Expense
B) credit to Notes Receivable
C) credit to Interest Expense
D) debit to Interest Revenue

Correct Answer:

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