Business, 11.11.2020 17:50 sarahhans6711
Harold is the chief financial officer of a software company. He takes a loan on behalf of the company for one million dollars. The company has to pay an annual interest of 2.5 percent on the loan. Under which accounting head will the company record the interest payable on the loan every year?
A.
long-term liabilities
B.
fixed assets
C.
current liabilities
D.
current assets
E.
income
Answers: 1
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Harold is the chief financial officer of a software company. He takes a loan on behalf of the compan...
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