Communication (balance sheet): Interest Payable is reported in the balance sheet and represents:

Multiple Choice

A. interest incurred (and not yet paid) since the note was issued.

B. total amount of interest that will be paid on the note at the time its due.

C. total amount of cash paid in interest since the note was issued.

D. interest that will be incurred on the note from the end of the current year until the note is due.