Tulsa Corp How Much Cash Was Paid for Interest During 2017?
A)

question 17

Multiple Choice

Tulsa Corp.reported the following information for 2016 and 2017. $\begin{array}{lr}\text { Interest payable, December } 31,2016 & \$ 5,700 \\\text { Interest payable, December } 31,2017 & 6,200 \\\text { Interest expense-2017 } & 12,250\end{array}$ How much cash was paid for interest during 2017?

• A) $11,750
• B) $12,250
• C) $12,500
• D) $12,750

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Definitions:

Continental Platform

A broad region that surrounds the continental shield and typically exposes horizontal to gently dipping sedimentary rocks.

Crystalline Basement

The crystalline (metamorphic and igneous) rocks that underlie sedimentary and volcanic rocks in an area; widely exposed in the continental shield.

Broad Domes

Broad domes refer to large, rounded structures on the Earth's surface, often created by the slow uplift of the underlying strata.

Extension

The process or state of increasing in length, area, or volume, often referred to in geology as the stretching and thinning of the Earth's crust.