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In both the original Cosmos TV series and in the 2014 remake the narrators spoke about how wondrously diverse and complex the universe was. They found trying to explain natural phenomena empirically to be captivating and even inspiring. So, is it fair to say that scientists mostly make random observations?
Interest Expense
The cost incurred by an entity for borrowed funds over a period of time.
Interest Payable
A liability account representing the amount of interest expense that has been incurred but not yet paid.
Accrued Expense
Expenses that have been incurred but not yet paid or recorded in the financial statements, reflecting obligations that a business has taken on.
Net Income
The total revenue of a company minus all expenses and taxes; a measure of the company's profitability over a specific time period.
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