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A company reported the following for 20x1: Interest expense, $350,000. Amortization of bond issue costs, $7,000. Amortization of premium on bonds payable, $10,000. Increase in

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A company reported the following for 20x1: Interest expense, $350,000. Amortization of bond issue costs, $7,000. Amortization of premium on bonds payable, $10,000. Increase in interest payable, $12,000. Cash paid for interest in 20x1 is $341,000 $348,000 $350,000 $353,000

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