If Global Data's Income Statement for 2009 Reports Interest Expense

question 108

Multiple Choice

If Global Data's income statement for 2009 reports interest expense of $25,200, then:

• A) Interest payable decreased by $16,800 in 2009.
• B) Interest payable increased by $16,800 in 2009.
• C) Interest payable at the end of 2009 amounts to $16,800.
• D) Either the amount reported in the income statement or the interest payment shown above must be incorrect.

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Definitions:

1966

A year notable for various historical events worldwide, including cultural movements, political changes, and advancements in science and technology.

Oakland, California

A city in the San Francisco Bay Area of California, known for its significant cultural diversity and history of political activism.

Kwame Touré

Previously known as Stokely Carmichael, a prominent figure in the civil rights movement who later became a leader in the Black Power movement.

Conakry

The capital and largest city of Guinea, serving as an administrative, financial, and cultural center of the country.