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Golden Cumulus Corp., a commodities trading company, reported interest expense of $19 million and taxes of $6 million. Interest payable increased $3 million, and taxes
Golden Cumulus Corp., a commodities trading company, reported interest expense of $19 million and taxes of $6 million. Interest payable increased $3 million, and taxes payable decreased by $4 million over the period. Ho much cash did the company pay for interest and taxes? A. $22 million for interest and $10 million for taxes. B. $16 million for interest and $2 million for taxes. C. $16 million for interest and S10 million for taxes
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