Series 79: Interest Income/Expense

Taken from our Series 79 Top-off Online Guide

Interest Income/Expense

Income and expenses related to interest are tracked separately from revenues, COGS, and operating expenses. Interest income is money that a company receives on invested funds. For example, if a company parks cash in a money market account for a few weeks, the money it receives from that investment is interest income.

For most companies, int

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