If a Company Borrows Money from Its Bank and the Bank

question 92

Multiple Choice

If a company borrows money from its bank and the bank deducts the interest in advance,the company would record the amount of the interest deduction as

• A)a loss.
• B)an expense.
• C)a discount.
• D)prepaid interest.

Recognize the causes and impacts of natural disasters such as floods.

Understand the processes and effects of Earth's geological cycles, including the rock cycle.

Analyze the impact of geographical features on human activities and hazards.

Differentiate between various types of climates and their impacts on human life.

---

Definitions:

Rebate Program

A promotional offer that refunds part of the purchase price of a product to the customer, usually after submitting a claim form with a receipt.

Ford Motor Company

An American multinational automaker founded by Henry Ford, known for revolutionizing vehicle manufacturing through the assembly line method.

Economic Explanation

A rationale or interpretation provided to clarify how economic principles, policies, or phenomena influence behaviors and outcomes in the system.

Price Elasticity of Demand

A gauge measuring the effect of price variations on the demand for a good.