Costs such as rent, mortgage, long term noted payable on the income statement are

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asked Mar 23, 2023 202k views

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BadChanneler · Answer 1 · 2023-03-29T09:30:08+0000

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Only the interest portion of a loan payment will appear on your income statement as an Interest Expense. The principal payment of your loan will not be included in your business' income statement

Costs such as rent, mortgage, long term noted payable on the income statement are

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