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A logical substantive test for accrued interest receivable would be to a. Compare the interest income with published interest- investment records. b. Verify the interest
A logical substantive test for accrued interest receivable would be to a. Compare the interest income with published interest- investment records. b. Verify the interest income by a calculation based on the face amount of notes and the nominal interest rate. c. Verify the cost, carrying value, and market value of notes receivable. d. Recalculate interest earned and compare it to the amounts received
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