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    Survey of Accounting Study Set 5
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    Exam 5: Accounting for Receivables and Inventory Cost Flow
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    On September 30,2012,Falls Company Collected the Accrued Interest Revenue on a One-Year
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On September 30,2012,Falls Company Collected the Accrued Interest Revenue on a One-Year

Question 18

Question 18

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On September 30,2012,Falls Company collected the accrued interest revenue on a one-year note receivable dated October 1,2010.Show the effect of the collection of previously-accrued interest on Falls' financial statements. On September 30,2012,Falls Company collected the accrued interest revenue on a one-year note receivable dated October 1,2010.Show the effect of the collection of previously-accrued interest on Falls' financial statements.

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