Multiple Choice
Oklahoma Oil Corp.paid interest of $785,000 during 2016,and the interest payable account decreased by $125,000.What was interest expense for the year?
A) $910,000.
B) $660,000.
C) $555,000.
D) $785,000.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: A customer advance produces a liability that
Q3: Current liabilities are normally recorded at the
Q21: Red Co. can estimate the amount of
Q47: A company should accrue a liability for
Q55: Gain contingencies usually are recognized in a
Q69: In May of 2016,Raymond Financial Services became
Q71: Listed below are five terms followed by
Q74: On October 31,2016,Simeon Builders borrowed $16 million
Q91: Which of the following may create employer
Q103: Blue Co. can estimate the amount of