Which of the following expense is the cost of financing everything from inventory to the purchase of a new store location?
A) Accounts receivable
B) Interest
C) Profits
D) Owner's equity
E) Operations

Question

Quizplus · Accepted Answer

Interest is the cost of financing, as it is the expense incurred when borrowing funds to finance business activities such as inventory purchases or acquiring a new store location.

Which of the Following Expense Is the Cost of Financing