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    Intermediate Accounting Study Set 2
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    Exam 21: The Statement of Cash Flows Revisited
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    If Bond Interest Expense Is $300,000, Bond Interest Payable Decreased
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If Bond Interest Expense Is $300,000, Bond Interest Payable Decreased

Question 6

Question 6

Multiple Choice

If bond interest expense is $300,000, bond interest payable decreased by $4,000 and bond premium decreased by $1,000, cash paid for bond interest is:


A) $295,000.
B) $300,000.
C) $303,000.
D) $305,000.

Correct Answer:

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