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Cheyenne Corp. signed a six-month, 12% note payable of $8800 on October 1, 2025. By recording the interest expense related to the note only
Cheyenne Corp. signed a six-month, 12% note payable of $8800 on October 1, 2025. By recording the interest expense related to the note only when it is paid on April 1, 2026, Cheyenne will understate expenses by December 31, 2025. on its year-end financial statements on $0 O $528 O $264 O $9856
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