Multiple Choice
A company reported interest expense of $540,000 for the year. Interest payable was $35,000 and $75,000 at the beginning and the end of the year, respectively. What was the amount of interest paid?
A) $580,000.
B) $615,000.
C) $500,000.
D) $575,000.
Correct Answer:
Verified
Correct Answer:
Verified
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