Even if an interest-bearing note receivable is dishonored,interest income due on the note should be recorded.

Name: Even if an interest-bearing note receivable is dishonored,interest income due on the note should be recorded.
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The interest income due on the note should still be recorded as accrued interest, even if the note is dishonored. However, the principal amount of the note may need to be adjusted to reflect the dishonored status.

Even If an Interest-Bearing Note Receivable Is Dishonored,interest Income Due