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Which of the following theories is not falsifiable or refutable?
Accrued Interest
Interest that has been incurred but not yet paid at the end of a period.
Adjusting Entry
An accounting record made to update the financial statements to reflect transactions that have occurred but are not yet recorded.
Interest Expense
The cost incurred by an entity for borrowed funds, usually presented as an expense in the income statement.
Times Interest Earned Ratio
A metric that measures a company's ability to meet its debt obligations by comparing income before interest and taxes to interest expenses.
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