A Movie to another question will save this response Question 2 of 40 Question 29 25 points in a company's annual report, the section called management discussion and any MOLAS provides critical formation in interpret the financial statements and the future of the company 0 True False Question 30 The journal entry a company uses to record the payment of an interest-bearing note is debit Cash; credit Notes Payable debit Accounts Payable: credit Cash debit Notes Payable and interest Expense: credit Cash debit Notes Payable and Interest Receivable; credit Cash Question 31 Horizontal analysis is a technique for evaluating financial statement data for one period of time over a period of time on a certain date as it may appear in the future Question 32 if a company mistakenly counts less items during a physical inventory than actually exist how will the error affect the cost of merchandise sold The cost will be understated The cost will be overstated No change Only inventory is affected