Question
Interest expense is not: Incurred on current liabilities. Likely to stay the same when sales change. A fixed expense. Likely to fluctuate when sales change.
Interest expense is not: Incurred on current liabilities. Likely to stay the same when sales change. A fixed expense. Likely to fluctuate when sales change. A factor in determining a company's borrowing risk.
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Auditing An International Approach
Authors: Wally J. Smieliauskas, Kathryn Bewley
7th edition
1259259870, 1259087468, 70968292, 978-1259087462
