Accrued interest revenue: Accrued interest revenue is the amount of revenue has been earned, but not received in cash at the end of accounting period. To discuss: The reason behind the recording of accrued interest revenue at the end of the accounting period.

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Chapter 8, Problem 21RQ

To determine

Accrued interest revenue:

Accrued interest revenue is the amount of revenue has been earned, but not received in cash at the end of accounting period.

To discuss: The reason behind the recording of accrued interest revenue at the end of the accounting period.

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