Multiple Choice
Company A lends $100,000 to Company B.The interest on the loan is reported as:
A) an expense to Company A and a revenue to Company B.
B) an asset to Company A and a revenue to Company B.
C) a liability to Company A and an asset to Company B.
D) a revenue to Company A and an expense to Company B.
Correct Answer:
Verified
Correct Answer:
Verified
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