Interest Expense is:
A) a cost of borrowing money.
B) included in the "Other Expenses" on the income statement.
C) has a normal debit balance.
D) All of the above are correct.
Answer: D
Business
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"A floating-rate note and an extendable reset bond both have coupon rates readjusted periodically. Therefore, they are basically the same instrument." Do you agree with this statement?
What will be an ideal response?
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