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How much cash was paid for interest during the year

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Reference no: EM133109878

Question - A company reported annual interest expense of $37,440. During the year, interest payable decreased from a $8,160 beginning balance to a $4,512 ending balance. How much cash was paid for interest during the year?

a. $41,088.

b. $41,952.

c. $45,240.

d. $33,792.

e. None of the above.

Reference no: EM133109878

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