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.

---

Definitions:

Africans

Refers to individuals from Africa, the second-largest continent, with diverse cultures, languages, and historical backgrounds.

Quakers

A religious group officially known as the Religious Society of Friends, known for their pacifist beliefs and practices.

Social Development

The process of improving the well-being of individuals in society through measures that include education, health care, economic opportunity, and social justice.

Pennsylvania

A state located in the Northeastern, Great Lakes, Appalachian, and Mid-Atlantic regions of the United States, known for its rich history and diverse landscapes.