A Company Reported the Following Information How Much Cash Was Paid for Interest During 2014?
A)$15,000

question 47

Multiple Choice

A company reported the following information: $\begin{array}{ll} \text { Interest payable, December 31,2014 } &\$ 3,200 \\ \text { Interest payable, December 31, 2013 } &10,200 \\ \text {Interest expense for 2014} &22,000\end{array}$ How much cash was paid for interest during 2014?

• A)$15,000
• B)$29,000
• C)$30,200
• D)$25,200

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Definitions:

Elaboration

The process of adding more detail or information to a concept or idea to enhance understanding or engagement.

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The process or an instance of making a rough calculation or judgment about the value, number, quantity, or extent of something.

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A stage in human development that generally includes children from 6 to 12 years of age, characterized by significant growth in social and cognitive skills.

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