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Interest is an expense to the debtor and income to the creditor. (True or false?)

tivo

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Interest is an expense to the debtor and income to the creditor. (True or false?)

Interest is an expense to the debtor and income to the creditor.
Is this statement one that's true or false?

Textbook

Financial Accounting

Financial Accounting

Edition: 3^rd

Authors: Kemp, Waybright

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tivo Author

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7 years ago

Thank you for helping me with my accounting homework, will ask again

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