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A company reported interest expense of $520,000 for the year. Interest payable was $29,000 and $69,000 at the beginning and the end of the year,
A company reported interest expense of
$520,000
for the year. Interest payable was
$29,000
and
$69,000
at the beginning and the end of the year, respectively. What was the amount of interest paid?\ Multiple Choice\
$589,000
\
$480,000
\
$549,000
\
$560,000
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