The journal entry for accrued interest on a note payable includes ________
A) a debit to Interest Expense and credit to Cash
B) a debit to Interest Expense and credit to Interest Payable
C) a debit to Interest Payable and credit to Cash
D) a credit to Interest Expense and debit to Notes Payable
B
Business
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Universal Appliance prices its refrigerators at five distinct price levels based on finish, style, capacity, and features. They range from $799 to $9,500. This is an illustration of price steps
Indicate whether the statement is true or false
Business
Which of the following is an element of the comparative advantage principle?
A) per unit cost advantage B) relative efficiency of production C) absolute cost of production D) negative balance of trade
Business