At 1 October 20X4, BBB Co had a balance of accrued interest payable amounting to $12,000. During the year ended 30 September 20X5, BBB Co charged interest payable of $41,000 to its statement of profit of loss and other comprehensive income. The closing balance on accrued interest payable account at 30 September 20X5 was $15,000. How much interest paid should BBB Co show on its statement of cash flows for the year ended 30 September 20X5? $38,000 $41,000 $44,000 $53,000

Answer rating: 100% (QA)

To calculate the interest paid for the year ended 30 September 20X5 we need to ... View the full answer