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Which of the following would directly result in a current year Income Statement expense? a- Buying back shares b- creating a trade payable for a

Which of the following would directly result in a current year Income Statement expense?

a- Buying back shares

b- creating a trade payable for a supplier's bill for raw materials.

c- paying for a casualty insurance policy covering next year's fire & flood risks

d- paying interest on a loan financing the development of an asset not yet in use

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