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In accounting for interest-bearing notes receivable, the stated rate and effective rate are always the same. interest revenue is recognized at the date the note

In accounting for interest-bearing notes receivable, the stated rate and effective rate are always the same. interest revenue is recognized at the date the note is signed. Discount on Notes Receivable is credited when interest is amortized. the effective-interest method is used to amortize interest for notes that exceed one year

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