At 1 October 2005 HI had the following balance Accrued interest payable $24,000 credit During the year ended 30 September 20X6, HI charged interest payable of $82,000 to its statement of profit or loss. The closing balance on accrued interest payable account at 305- was $30,000 credit How much interest paid should Hi show on its statement of cashflow for the year onded 30 September 2006? 576,000 $82,000 $88,000 Ⓒ$106.000

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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At 1 October 20X5. HI had the following balance
Accrued interest payable $24.000 credit
During the year ended 30 September 20X6, HI charged interest payable of $82,000 to its statement of profit or loss. The closing balance on accrued interest payable account at 305
was $30,000 credit.
How much interest paid should Hi show on its statement of cashflow for the year ended 30 September 2006?
576,000
$82,000
$88,000
$106.000
Transcribed Image Text:At 1 October 20X5. HI had the following balance Accrued interest payable $24.000 credit During the year ended 30 September 20X6, HI charged interest payable of $82,000 to its statement of profit or loss. The closing balance on accrued interest payable account at 305 was $30,000 credit. How much interest paid should Hi show on its statement of cashflow for the year ended 30 September 2006? 576,000 $82,000 $88,000 $106.000
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