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    Financial Accounting Study Set 2
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    Exam 4: Income Measurement and Accrual Accounting
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    The Amount of Interest Accrued Is Added to the Note
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The Amount of Interest Accrued Is Added to the Note

Question 36

Question 36

True/False

The amount of interest accrued is added to the note payable account and reported in the liabilities section of the balance sheet.

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