Solution-Calculating the amount of interest paid

Calculating the amount of interest paid

Reference no: EM13969939

A company reported interest expense of $580,000 for the year. Interest payable was $30,000 and $70,000 at the beginning and the end of the year, respectively. What was the amount of interest paid? $540,000. $650,000. $610,000. $620,000.

Reference no: EM13969939

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Calculating the amount of interest paid

Reference no: EM13969939

Reference no: EM13969939

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