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polet [3.4K]
3 years ago
15

Red Co. reported cash paid for interest of $55,000 in its statement of cash flows for the current year. Red did not capitalize a

ny interest during the current year. The following changes on their balance sheet occurred: accrued interest payable decreased by $13,000 along with a decrease in prepaid interest of $21,500. What amount should Red report as interest expense in its current year statement of income
Business
1 answer:
nordsb [41]3 years ago
3 0

Answer:

$63,500

Explanation:

Interest expense paid in cash           $55000  

Less: Adjusted for accrued interest  $13,000

payable

Add: prepaid interest adjusted         <u>$21,500</u>

Interest expense in its current year  <u>$63,500</u>

statement of income

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Answer:

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Explanation:

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since The main goal of the Head of the Human resources department is to transform the company's production level to a higher level of productivity in a quicker timer frame, dedicating more resources and support to the initiative will help to speed up activities and the company will start producing  at a very fast rate. having to increase salary will not help because the workers can only do what they can do they can't go beyond their limit hence there will be health emergencies.

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3 years ago
An increase in interest ratesA. increases investment spending on​ machinery, equipment,​ factories, consumption spending on dura
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Answer:

The correct answer is option C.

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8 0
3 years ago
After all of the account balances have been extended to the Income Statement columns of the work sheet, the totals of the Debit
vampirchik [111]
12.393 is the answer in decimal?
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Which sentence avoids redundant expressions?
guapka [62]
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Answer:

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