A company borrowed 100000 in december and will make its, Business Management

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A company borrowed 100000 in december and will make its

A company borrowed $100,000 in December and will make its only payment for interest when the note comes due six months later. The total interest for the six months will be $3,600. On the December income statement the accountant reported Interest Expense of $600. This action was the result of which accounting principle/guideline?

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