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Posted: June 15th, 2022
Utah State University – College of Eastern Utah ACCT 2010 Which of the following statements is false
Which of the following statements is false?Notes receivable are initially entered in the accounting records via a debitPrincipal is the amount on which interest is figuredThe interest on a note is deemed to be revenue to the maker of the noteInterest revenue is recorded as it is received and as a year-end adjustmentNone of the above
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