Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mc qu. 33 lo 13-03 oklahoma oil corp. paid interes

MC Qu. 33 LO 13-03 Oklahoma Oil Corp. paid interest of... Oklahoma...

60.1K

Verified Solution

Question

Accounting

MC Qu. 33 LO 13-03 Oklahoma Oil Corp. paid interest of...

Oklahoma Oil Corp. paid interest of $778,500 during 2013, and the interest payable account decreased by $120,000. What was interest expense for the year?

$778,500.

$898,500.

$538,500.

$658,500.

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

It should be a minimum of 450 words or else do not answer the question. Do not...

Advance Math
Q

discuss how people used high sugar or high salt to preserve food?

Medical Sciences
Q

What are the interior design implications regarding the heating and cooling engineering system? How are interior designers...

Civil Engineering
Q

Scientists studied soybean plants grown in sunlit CO concentration of 700 mol CO mol of...

Biology
Q

b. A depostof $12,30, representing recel A check for $4,000...

Accounting
Q

For the quarter ended March 31, 2022, Bramble Company accumulates the following sales data for...

Accounting
Q

CORRECT ANSWER NEEDED ASAP THROUGH SPREADSHEET On December 31, 20x0, you make a...

Accounting
Q

1. Robert and kylie are in a partnership selling books and they share the Partnership...

Accounting
Q

5. Weighted-Average Number of Shares (16 points) Assuming XYZ uses a calendar year for financial...

Accounting
Q

The degree of operating leverage multiplied by a percentage increase in sales revenue gives you...

Accounting
Q

A company estimates 16,500 units of a new product could be sold annually over the...

Finance
Q

You are considering investing in one of the following two bonds. Discuss your thought process...

Accounting