As Interest Is Recorded on an Interest-Bearing Note the Interest

question 84

Multiple Choice

As interest is recorded on an interest-bearing note the Interest Expense account is

• A) increased; the Notes Payable account is increased.
• B) increased; the Notes Payable account is decreased.
• C) increased; the Interest Payable account is increased.
• D) decreased; the Interest Payable account is increased.

---

Definitions:

Enthusiasm

A strong excitement or eagerness about doing something or about something that interests one.

Commitment

A psychological state or an enduring pledge or promise that influences an individual's or group's persistence and dedication to a goal, task, or relationship.

Political Communications

Candidate-to-voter communications; dynamic, interactive campaign-based process among politicians, the news media, and the public.

Affordable Care Act

A comprehensive healthcare reform law enacted in March 2010 that aimed to improve access to health insurance for Americans.