Assuming the decrease in accrued expenses during fiscal year 2008 included a $14,000 reduction due to interest on debt, compute the interest expense (net) for Kinney in that year.

Question

Quizplus · Accepted Answer

The Answer of Assuming the decrease in accrued expenses during fiscal year 2008 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 2008