Question
Company X lends $100,000 to Company Y on an interest-bearing note. The interest on the note is reported as a(n) ________ to Company X and
Company X lends $100,000 to Company Y on an interest-bearing note. The interest on the note is reported as a(n) ________ to Company X and a(n) ________ to Company Y.
A. revenue; expense
B. liability; asset
C. expense; revenue
D. asset; revenue
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Mathematics Of Finance An Intuitive Introduction
Authors: Donald G. Saari
1st Edition
3030254429, 978-3030254421
