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    Accounting Study Set 1
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    Exam 9: Receivables
  5. Question
    If a Note Receivable Is Outstanding at the End of an Accounting
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If a Note Receivable Is Outstanding at the End of an Accounting

Question 203

Question 203

True/False

If a note receivable is outstanding at the end of an accounting period,the interest earned up to year-end is recorded as interest revenue when the cash is received.

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