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Your Company borrowed $50,000 on October 1,2021 . The loan was for 12 -months and the interest rate was 6%. Both interest and principal are

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Your Company borrowed $50,000 on October 1,2021 . The loan was for 12 -months and the interest rate was 6%. Both interest and principal are payable at maturity. How is accruing the interest expense in 2021 best classified? Asset exchange Asset source Claims exchange Asset use

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