Which of the Following Correctly Describes Interest Payable

question 1

Multiple Choice

Which of the following correctly describes Interest payable?

• A)Interest payable is shown on the balance sheet as a non-current liability.
• B)Interest payable is shown on the balance sheet as a current liability.
• C)Interest payable is shown on the income statement as an operating expense.
• D)Interest payable is shown on the balance sheet as a current asset.

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