Interest revenue is reported as operating revenue and therefore increases operating income.
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Q14: According to the expense recognition principle,wages expense
Q15: The operating cycle is the time that
Q16: Under accrual basis accounting,revenues are recognized when
Q17: An example of operating revenue would be
Q18: Using cash to purchase office supplies,which will
Q20: Selling inventory to a customer on account
Q21: The net profit margin ratio is a
Q22: Revenue accounts have credit balances because they
Q23: Which of the following describes the reporting
Q24: Which of the following would lengthen the
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