11 - obligation imposed by law (e.g., judgments, tax...

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What is the definition of “interest?” Answer: Interest is compensation for the “use of money” with respect to a bona fide debt or
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Unformatted text preview: obligation imposed by law (e.g., judgments, tax payments, installment sales)....
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This note was uploaded on 09/16/2011 for the course ACCOUNTING 145 taught by Professor Eric during the Spring '11 term at Palm Beach Community College.

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