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  3. Study Set
    College Accounting Study Set 5
  4. Exam
    Exam 17: Accounting for Notes and Interest
  5. Question
    Accrued Interest on Notes Payable Is Interest Expense That Has
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Accrued Interest on Notes Payable Is Interest Expense That Has

Question 1

Question 1

True/False

Accrued interest on notes payable is interest expense that has been incurred but not paid.

Correct Answer:

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