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The Accountant at WooSah! USA Made an Adjusting Entry at the End

Question 3

Multiple Choice

The accountant at WooSah! USA made an adjusting entry at the end of February to accrue interest on a note receivable from a customer.The effect of this entry is to:


A) decrease ROI for February.
B) increase ROI for February.
C) decrease working capital at February 28.
D) decrease the acid-test ratio at February 28.

Correct Answer:

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