Accrued Interest Expense Is an Asset Use Transaction

question 84

True/False

Accrued interest expense is an asset use transaction.

---

Definitions:

Client

In computing, a piece of hardware or software that accesses a service made available by a server.

RSS

A web feed allowing users and applications to access updates to websites in a standardized, computer-readable format.

Cloud Storage

A service that keeps files on the Internet (in the “cloud”) rather than storing files solely on a local device.

OneDrive

A file hosting service and synchronization service operated by Microsoft as part of its suite of Microsoft 365 online services, providing cloud storage.