The interest charge on your credit card statement should be listed on your personal income statement as a variable expense.

Name: The interest charge on your credit card statement should be listed on your personal income statement as a variable expense.
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Question

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The interest charge on a credit card statement can vary depending on the amount of debt owed and the interest rate being charged. Therefore, it is considered a variable expense on a personal income statement.

The Interest Charge on Your Credit Card Statement Should Be