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What aspect of accounting theory

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Reference no: EM132813410

Problem 1: The interest on a noninterest bearing note is equal to

a. The excess of the face value over the present value

b. The excess of the present value over the face value

c. The excess of the market value over the present value of the note

d. Zero

Problem 2: The interest for the interest in a noninterest bearing note receivable is an example of what aspect of accounting theory?

a. Matching

b. Verifiability

c. Substance over form

d. Form over substance

Reference no: EM132813410

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