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Which of the following is not true of a modulated torque convertor clutch?
Accrued Interest
Interest that has been incurred but not yet paid, accumulating on loans or bonds over time until payment is made.
Interest Receivable
The amount of interest that has been earned but not yet received in cash.
Total Proceeds
The total amount received from a transaction, including the sale of assets, securities, or other property, before any deductions or expenses.
Sale
The exchange of a good or service for money; a transaction between two parties where the buyer acquires ownership of the item.
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