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On January 1, 2021, Alice & Co. lends $5,000 to an employee and accepts a 24-month, 10% note. At the end of 2021, what effect

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On January 1, 2021, Alice & Co. lends $5,000 to an employee and accepts a 24-month, 10% note. At the end of 2021, what effect will the adjustment for accrued interest revenue have on the Alice & Co.'s financial statements? 15. A. Increases Stockholders' Equity B. Decreases Assets C. Increases Expense D. Decreases Revenue

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