Business, 17.10.2019 23:10 dragpack70

In its 20x3 financial statements, cris co. reported interest expense of $85,000 in its income statement and cash paid for interest of $68,000 in its cash flow statement. there was no prepaid interest or interest capitalization either at the beginning or end of 20x3. accrued interest at december 31, 20x2, was $15,000. what amount should cris report as accrued interest payable in its december 31, 20x3, balance sheet?
a) $2,000b) $15,000c) $17,000d) $32,000

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In its 20x3 financial statements, cris co. reported interest expense of $85,000 in its income statem...