The 2025 income statement of Crane Corporation included the following items Service Revenue Interest Expense Unearned...
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The 2025 income statement of Crane Corporation included the following items Service Revenue Interest Expense Unearned Service Revenue $379700 All of Crane's revenue is received in cash (no Accounts Receivable). The following items were taken from Crane's balance sheet Interest payable 4100 December 31, 2025 $27200 The cash paid for Interest during the year is 1350 December 31, 2024 $22100 1600 The 2025 income statement of Crane Corporation included the following items Service Revenue Interest Expense Unearned Service Revenue $379700 All of Crane's revenue is received in cash (no Accounts Receivable). The following items were taken from Crane's balance sheet Interest payable 4100 December 31, 2025 $27200 The cash paid for Interest during the year is 1350 December 31, 2024 $22100 1600
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The interest expense for 2025 is 4100 To determine the interest paid in cash we ne... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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