Which of the Following Occurs When a Company Records Accrued

question 3

Multiple Choice

Which of the following occurs when a company records accrued interest expense on a loan payable?

• A)Loan payable is credited.
• B)Cash is debited.
• C)Interest payable is credited.
• D)Interest expense is credited.

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Definitions:

Activities

Tasks, exercises, or actions performed by individuals, often for specific purposes such as leisure, learning, or physical health.

Reminiscing

The process of remembering previous events or experiences, frequently accompanied by feelings of nostalgia.

Residential Community

A specific geographic area where people live, often sharing certain amenities or governed by common regulations.

Depression

Characterized by feelings of sadness, hopelessness, and frustration; changes in sleep and eating habits; problems with concentration; loss of interest in activities; and loss of energy and motivation.