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  3. Study Set
    Auditing and Assurance Services Study Set 1
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    Exam 22: Audit of the Capital Acquisition and Repayment Cycle
  5. Question
    When Performing Analytical Procedures for Notes Payable, If Actual Interest
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When Performing Analytical Procedures for Notes Payable, If Actual Interest

Question 34

Question 34

True/False

When performing analytical procedures for notes payable, if actual interest expense is materially larger than the auditor's expectation, one possible cause would be interest payments on unrecorded notes payable.

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