Interest may be defined as:

A. Time.
B. A borrower's payment to the owner of an asset for its use.
C. Always an asset.
D. The future value of a present amount.
E. Always a liability.


Answer: B

Business

You might also like to view...

The economic resources to which the owners have claim are represented by stockholders' equity

Indicate whether the statement is true or false

Business

With rising and/or falling ______, you can give a sentence very different meanings from genuinely expressing happiness, to sarcasm, to distain.

Fill in the blank(s) with the appropriate word(s).

Business

After the issue of resistance to change is anticipated, analyzed, and addressed, the next step in changing organizations is to implement the change process through ______.

A. promotions B. pay raises C. effective leadership D. team building

Business

Costs that are used in generating revenues during the current period are often referred to as:

A) period costs B) conversion costs C) factory overhead costs D) product costs

Business