Assuming the decrease in accrued expenses during fiscal year 2012 included a $14,000 reduction due to interest on debt, compute the interest expense (net) for Kinney in that year.

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The Answer of Assuming the decrease in accrued expenses during fiscal year 2012 included a $14,000 reduction due to interest on debt, compute the interest expense (net) for Kinney in that year.

Assuming the Decrease in Accrued Expenses During Fiscal Year 2012