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Which of the following correctly describes the accounting treatment for interest payable? A. It is shown on the balance sheet as a current liability. B.

Which of the following correctly describes the accounting treatment for interest payable?

A. It is shown on the balance sheet as a current liability.

B. It is shown on the balance sheet as a long-term liability.

C. It is shown on the income statement as an operating expense.

D. It is shown on the balance sheet as a current asset.

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