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Some animals have no gills when young, but then develop gills that grow larger as the animal grows larger. Which of the following statements provides the best explanation for this increase in gill size?
Bonds Payable
Long-term liabilities represented by promissory notes issued by a company to raise capital, to be repaid at a future date.
Installment Note
A debt instrument that requires the borrower to make regular payments (installments) of principal and interest over a set period until the total debt is paid.
Journal Entry
A record in the books of accounts that represents a transaction and its effect on various accounts.
Interest Expense
The financial charge for an entity using borrowed capital over a time frame.
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