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Failure to record accrued interest on a note payable causes a company to: Select one: OA. understate interest expense. O B. overstate interest expense and
Failure to record accrued interest on a note payable causes a company to: Select one: OA. understate interest expense. O B. overstate interest expense and understate retained earnings. OC. overstate interest income. O D. understate retained earnings.
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
5th Edition
0273651560, 978-0273651567
