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The accountant at Abco, Inc. made an adjusting entry at the end of February to accrue interest on a note receivable from a customer. The effect of this entry is to:

A. Decrease ROI for February.

B. Increase ROI for February.

C. Decrease working capital at February 28.

D. Decrease the acid-test ratio at February 28.

Accounting Basics, Accounting

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  • Reference No.:- M941419

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