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Why must companies record accrued interest revenue at the end of the accounting period?

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter14: Adjustments For A Merchandising Business

Section: Chapter Questions

Problem 4TF: Unearned revenue is adjusted into an expense account at the end of the accounting period.

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