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South Oil Corp. paid interest of $700,000 during 2019, and the interest payable account increased by $100,000. What was interest expense for the year? a.

South Oil Corp. paid interest of $700,000 during 2019, and the interest payable account increased by $100,000. What was interest expense for the year? a. $600,000.

b. $900,000.

c. $700,000.

d. $800,000.

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