Which of the Following Correctly Describes Interest Payable

question 16

Multiple Choice

Which of the following correctly describes Interest payable?

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

---

Definitions:

Icebreakers

Activities or exercises designed to ease interactions and build rapport among members of a group, often used at the beginning of meetings, workshops, or team-building sessions.

Health History Form

A document used in medical settings that records a patient's medical history, including past illnesses, surgeries, and family medical history, to aid in diagnosis and treatment.

Medications

Substances used to diagnose, treat, or prevent illness and disease in humans or animals.

Allergies

Immune system reactions to a foreign substance that is not typically harmful to the body, such as pollen, food, or pet dander.