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  3. Study Set
    Using Financial Accounting
  4. Exam
    Exam 7: Receivables and Investments
  5. Question
    The Payee of a Note Recognizes a Note Payable on the Balance
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The Payee of a Note Recognizes a Note Payable on the Balance

Question 47

Question 47

True/False

The payee of a note recognizes a note payable on the balance sheet and interest expense on its income statement.

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