An adjusting journal entry to record interest revenue that has been earned but not yet received is
Question:
An adjusting journal entry to record interest revenue that has been earned but not yet received is an example of which of the following?
a. Accrual
b. Deferral
c. Estimate
d. Revaluation
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a Correct b Incorrect A deferral would involve postponing rec...View the full answer
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Related Book For 
Accounting Information Systems
ISBN: 9781292060521
13th Global Edition
Authors: Marshall B. Romney, Paul John Steinbart
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