TayVon Johnson, a new accounting department employee, questions the practice of recording interest income when a note

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TayVon Johnson, a new accounting department employee, questions the practice of recording interest income when a note is dishonored.

Instead, he believes that the interest earned on the note should be recorded only if and when the account is subsequently paid. Is this alternative method acceptable? Why or why not?

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Accounting Multicolumn Journal

ISBN: 9781285528458

10th Edition

Authors: Claudia Gilbertson

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Question Posted: May 13, 2024 02:00 PM

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TayVon Johnson, a new accounting department employee, questions the practice of recording interest income when a note

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Accounting Multicolumn Journal

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