Accounting for interest expense should reflect the true economics of the borrowing, rather than the contractual rate.
Fantastic news! We've Found the answer you've been seeking!
Question:
Accounting for interest expense should reflect the true economics of the borrowing, rather than the contractual rate. Why? Discuss
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
Posted Date: