Examlex
Match each item to the phrase or sentence listed below.
-Criminal Justice
Liability Reported
The documentation in financial accounting of any debts or financial obligations a company is responsible for.
Incremental Borrowing Rate
The interest rate a company would have to pay if it borrows funds, used as a reference to measure lease liabilities under lease agreements.
Payments
The act of transferring money or value from one party to another as a settlement for a service, debt, or obligation.
Interest Expense
The cost incurred by an entity for borrowed funds, often appearing as a line item on the income statement.
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