Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. aztec inc. paid interest of $793,000 during 2021,

Aztec Inc. paid interest of $793,000 during 2021, and the interest payable account decreased by...

90.2K

Verified Solution

Question

Accounting

Aztec Inc. paid interest of $793,000 during 2021, and the interest payable account decreased by $134,500. What was interest expense for the year?

Group of answer choices $658,500 $643,000 None of the options listed. $524,000 $655,500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

56 A volume V of air saturated with water vapour exert a pressure P Pressure...

Finance
1.2K views

Free Cash Flows Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 Sales $3,750.0 $3,000.0 Operating costs excluding...

Biology
1.2K views

List and discuss the two strongest reasons that Saletan has in favor of GM crops

Chemistry
1.2K views

Which of the following has the highest boiling point? Please provide an explanation on how to...

Mechanical Engineering
1.2K views

Explain what is meant by Hall-Petch strengthining of a metal alloy

Biology
1.2K views

During which stage of development is a person most at risk for bipolar disorder a...

Algebra
1.2K views

Graph the set x 55x 2 on the number line Then write the set using...

Algebra
1.2K views

Solve the inequality (x-2)(x ? 3) > 0Select all the intervals below that are included...

Accounting
1.2K views

The October 1, 2020, records of Joulians Communications include these accounts: At year-end,...

Accounting
1.2K views

Kingman Corp. has been concerned with maintaining a solid annual profit. The company sells a...

Accounting
1.2K views

A-8.1 B.C. Fine Wines Limited is considering modernizing its winery at a cost of $500...

Accounting
1.2K views

A debit to Raw Materials Inventory and a credit to Work in Process Inventory would...