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How much was paid out in cash for interest during the year

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Question 1: If prepaid interest at the beginning of the period was zero and at the end of the period was $4,000 and interest expense appears in the statement of comprehensive income for the year as $17,300, how much was paid out in cash for interest during the year?

Group of answer choices

Option 1: $13,300.

Option 2: $21,300.

Option 3: $17,300.

Option 4: $4,000.

Reference no: EM132558238

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