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Which of the following statements is correct? Group of answer choices 1.interest receivable is a liability account and is included in current assets on the
Which of the following statements is correct?
Group of answer choices
1.interest receivable is a liability account and is included in current assets on the Balance Sheet.
2.interest revenue is an asset account and is included in other revenue, expenses, gains and losses on the income statement.
3.bad debt expense is an expense account and is included in current assets on the Income Statement.
4.allowance for doubtful accounts is a contra-asset account and is included in current assets on the Balance Sheet.
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