Book Earnings

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August 25, 2024 3 min read Definitions
Unearned Interest: An In-depth Exploration of Prepaid Interest
Finance Accounting Unearned Interest Prepaid Interest Loan Accounting Taxable Income Book Earnings
Unearned Interest refers to interest that has already been collected on a loan but cannot yet be counted as book earnings. This category of interest includes prepaid interest, which is taxable upon receipt by both cash or accrual basis taxpayers.
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