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When the amount of interest receivable decreases during an accounting period: a. Accrual-basis revenues exceed cash collections from borrowers. b. Accrual-basis net income exceeds cash-basis
When the amount of interest receivable decreases during an accounting period: a. Accrual-basis revenues exceed cash collections from borrowers. b. Accrual-basis net income exceeds cash-basis net income. c. Accrual-basis revenues are less than cash collections from borrowers. d. Accrual-basis expenses are less than cash payments to borrowers
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