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Which of the following is mismatched?
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle.
Merchandise Inventory
Merchandise on hand (not sold) at the end of an accounting period.
Notes Receivable
Written promises for amounts to be received in the future, typically with interest, classified as assets on a balance sheet.
Calculating Interest
The process of determining the amount of interest to be added to the principal sum of a loan or deposit.
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