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Download full textVicknair, David; Wright, Jeffrey – American Journal of Business Education, 2015
Evidence of confusion in intermediate accounting textbooks regarding the annual percentage rate (APR) and annual effective rate (AER) is presented. The APR and AER are briefly discussed in the context of a note payable and correct formulas for computing each is provided. Representative examples of the types of confusion that we found is presented…
Descriptors: Accounting, Business Administration Education, Textbook Content, Textbook Evaluation
