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    Fundamental Accounting Principles Study Set 1
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    Exam 9: Accounting for Receivables
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    The Expense Recognition (Matching) Principle Requires That Accrued Interest on Outstanding
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The Expense Recognition (Matching) Principle Requires That Accrued Interest on Outstanding

Question 161

Question 161

True/False

The expense recognition (matching) principle requires that accrued interest on outstanding notes receivable be recorded at the end of each accounting period.

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