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    Accounting Principles
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    Exam 9: Accounting for Receivables
  5. Question
    If a Retailer Assesses a Finance Charge on the Amount
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If a Retailer Assesses a Finance Charge on the Amount

Question 68

Question 68

True/False

If a retailer assesses a finance charge on the amount owed by a customer Accounts Receivable is debited for the amount of the interest.

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