Multiple Choice
Interest expense for the current year is $310,000.Interest payable increased $55,000 during the year.Interest receivable increased $11,000 during the year.Interest expense includes $47,000 for the amortization of discount.What is the cash paid for interest?
A) $208,000
B) $219,000
C) $310,000
D) $263,000
Correct Answer:
Verified
Correct Answer:
Verified
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