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Tulsa Corp How Much Cash Was Paid for Interest During 2018?

Question 70

Multiple Choice

Tulsa Corp.reported the following information for 2017 and 2018:  Interest payable, December 31,2017$5,700 Interest payable, December 31,2018 6,200 Interest expense-2018 12,250\begin{array}{lr}\text { Interest payable, December } 31,2017 & \$ 5,700 \\\text { Interest payable, December 31,2018 } & 6,200 \\\text { Interest expense-2018 } & 12,250\end{array} How much cash was paid for interest during 2018?


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

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