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