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Question 1)why Vann Company records the interest receivable in August rather than waiting until the loan is due in November to record the interest? Question2)What

Question 1)why Vann Company records the interest receivable in August rather than waiting until the loan is due in November to record the interest?

Question2)What are the risks of waiting until November to record the interest revenue and cash receivable amount match?

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Jones, D. J. (2012). Visualizing accounting transaction flows into financial statements. American Journal of Business Education, 5(6), 753-757

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