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Simon developed two forms of an anxiety questionnaire. In the second form, he changed the wording and order of the questions. He administered both forms to the same group of participants two weeks apart. While scoring the tests, Simon realizes that the participants' answers to the different forms of the test are dissimilar. In this case, the tests are said to have:
Proceeds
The total amount of money received from a transaction before any deductions are made.
Interest Expense
The cost incurred by an entity for borrowed funds over a period of time, typically reported on the income statement.
Notes Payable
Notes payable refers to the written promises to pay a certain amount of money, usually including interest, by a certain date, and are recognized as liabilities on a company's balance sheet.
Interest-Bearing Note
A debt instrument that pays interest to the holder until it reaches its maturity date.
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