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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
In a company that uses the direct method to prepare the statement of cash flows, the amount of cash it pays in interest expense is computed as
A) the change in interest payable plus interest expense.
B) the ending interest payable balance plus interest expense.
C) the change in interest payable minus interest expense.
D) the ending interest payable balance minus interest expense.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
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#2
8 years ago
Wow! Thank you
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