The company also has the following annual financial information Beginning interest payable..$100,000 Cash paid for interest$120,000 Ending
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Question:
The company also has the following annual financial information
Beginning interest payable……………………………………..$100,000
Cash paid for interest………………………………………………$120,000
Ending interest payable…………………………………………..$110,000
What is the company’s interest expense during the year? (Please show your calculation)(10 points)
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