When the effective interest rate is higher than the stated interest rate, will interest expense be higher

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When the effective interest rate is higher than the stated interest rate, will interest expense be higher or lower than the amount of interest paid?

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Survey of Accounting

ISBN: 978-0078110856

3rd Edition

Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi

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Question Posted: May 18, 2012 06:33 AM

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When the effective interest rate is higher than the stated interest rate, will interest expense be higher

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Survey of Accounting

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