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1. How many calculations need to be entered into the financial statements to make the Balance Sheet balance for Interest Income?
2. Which of the following three line items in the Interest Income control account needs to be negated when referred to in its respective financial statement?
Interest Received in the Cash Flow Statement
Interest Income in the Income Statement
Closing Interest Receivable in the Balance Sheet
3. Which of the following three line items in the Interest Income control account is the key driver?
Closing Interest Receivable
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