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    College Accounting Study Set 5
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    Exam 17: Accounting for Notes and Interest
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    On a Non-Interest Bearing, Discounted Note, It Is Possible for the Stated
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On a Non-Interest Bearing, Discounted Note, It Is Possible for the Stated

Question 71

Question 71

True/False

On a non-interest bearing, discounted note, it is possible for the stated interest rate to differ from the effective interest rate.

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