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Interest Expense
The cost incurred by an entity for borrowed funds over a period, which can include payments on debts, loans, or credit lines.
Interest Payable
The amount of interest on borrowed funds that a company owes to its creditors but has not yet paid.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold in a company, including materials and labor.
Accounts Payable
Liabilities or amounts owed by a company to suppliers for goods and services received but not yet paid for.
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