Question
A company reported interest expense of $560,000 for the year. Interest payable was $32,000 and $72,000 at the beginning and the end of the year,
A company reported interest expense of $560,000 for the year. Interest payable was $32,000 and $72,000 at the beginning and the end of the year, respectively. What was the amount of interest paid?
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ISE Managerial Accounting For Managers
Authors: Eric Noreen, Peter C. Brewer, Ray H. Garrison
5th Edition
1260570010, 9781260570014
