Cash paid for interest

Cash paid for interest - interest payable account. In this...

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Cash paid for interest.  This represents amounts paid by the company for interest. The amount is  calculated by taking interest expense and increasing it by the amount of any decrease in the balance  of the interest payable account or decreasing it by the amount of an increase in the balance of the 
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Unformatted text preview: interest payable account. In this case, there is no balance in the accrued interest account at the end of the period so the cash paid for interest is the same as the interest expense....
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This note was uploaded on 11/15/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.

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Cash paid for interest - interest payable account. In this...

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