Question: Interest Expense is a(n) Blank______. Multiple choice question. expense on the balance sheet and reports the cost of using borrowed funds during the period expense

Interest Expense is a(n) Blank______. Multiple choice question. expense on the balance sheet and reports the cost of using borrowed funds during the period expense on the income statement and reports the cost of using borrowed funds during the period liability on the balance sheet and reports the cost of using borrowed funds during the period liability on the balance sheet and reports the cost of borrowed funds owed liability on the income statement are reports the cost of borrowed funds used during the period

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