Question
If prepaid interest at the beginning of the period was zero and at the end of the period was $4,000 and interest expense appear in
If prepaid interest at the beginning of the period was zero and at the end of the period was $4,000 and interest expense appear in the statement of financial performance for the year as $17,300
How much was paid out in cash for interest during the year?
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
