what is an interest expense?? how to find it out from an income statement??


3 Answer(s)


0

If a company borrows money (loan/debt) then it has to pay fees on the borrowed money. This yearly fees it has to pay is called interest expense.
Most income statements will have an item called "Interest" or "Financing Charges"

0

interest is outflow of cash. this is amount u need to pay for ur borrowed loan and debt .

0

the interest that you have to pay on borrowed money