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Match the Terms with the Definitions

Question 95

Multiple Choice

Match the terms with the definitions.
-Interest revenue that has been earned but not yet received.


A) term of the note
B) accrued interest on notes receivable
C) bank discount (note payable)
D) bank discount (note receivable)
E) contingent liability
F) rate of interest
G) discounting (note payable)
H) payee
I) notes receivable register
J) non-interest-bearing note
K) interest-bearing note

Correct Answer:

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