Reliable and Affordable
Question
Tulsa Corp. reported the following information for 2015 and 2016.
Interest payable, December 3 1, 2015
$5,700
Interest payable, December 31, 2016
6,200
Interest expense—2016
12,250
How much cash was paid for interest during 2016?
$1 1,750
$12,250
$12,500
$12,750
|
Interest payable, December 3 1, 2015 |
$5,700 |
|
Interest payable, December 31, 2016 |
6,200 |
|
Interest expense—2016 |
12,250 |
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