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Earning more income on borrowed money than the related interest expense is called ________.

H3Ko

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Earning more income on borrowed money than the related interest expense is called ________.

Earning more income on borrowed money than the related interest expense is called ________.
A) amortization
B) leverage
C) premium
D) annuity

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

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H3Ko Author

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YES! Can't believe I got this one right. Appreciate the confirmation

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