Business Studies, asked by Suay, 3 months ago

What type of account are rates and amenities? ​

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Answered by Anonymous
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annyeonghaseyo❤

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An interest expense is the cost incurred by an entity for borrowed funds. Interestexpense is a non-operating expenseshown on the income statement. ... It is essentially calculated as the interest ratetimes the outstanding principal amount of the debt.

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