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In the "Work" section of this chapter, there are a number of suggestions for how to take clear, well-organized lecture notes that will help you to understand and remember what you have heard. What are three strategies you can use to identify key ideas in a lecture?
Interest
The cost of borrowing money or the return on investment for savings and investments, often expressed as a percentage.
Adjusting Entry
An amendment added to the accounting records to accurately reflect the revenues earned and expenses incurred during a period.
Interest Note
A legal document that outlines the terms under which interest will be paid on borrowed funds.
Accrued Interest
Interest that has been incurred but not yet paid or received in cash.
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