Assertion: interest expense | /r/HasProperty | incurred by company
Facets:
value: in december
type: TEMPORAL
Source sentences:
text: Definition: Interest expense is the cost incurred by an company for the use of another firm’s resources typically in the form of a loan.
text: Without an adjusting entry to accrue the interest expense that was incurred by the company in December, the company's financial statements as of December 31 will not be reporting the $2,000 of interest (one-third of the $6,000) that the company has incurred in December.