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    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 7: Accounting for Receivables
  5. Question
    The Year-End Adjusting Entry to Accrue Interest on a Note
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The Year-End Adjusting Entry to Accrue Interest on a Note

Question 70

Question 70

True/False

The year-end adjusting entry to accrue interest on a note receivable is an asset source transaction.

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