If Global Data's income statement for 2018 reports interest expense of $25,200,then:
A)Interest payable decreased by $16,800 in 2018.
B)Interest payable increased by $16,800 in 2018.
C)Interest payable at the end of 2018 amounts to $16,800.
D)Either the amount reported in the income statement or the interest payment shown above must be incorrect.

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The Answer of If Global Data's income statement for 2018 reports interest expense of $25,200,then:
A)Interest payable decreased by $16,800 in 2018.
B)Interest payable increased by $16,800 in 2018.
C)Interest payable at the end of 2018 amounts to $16,800.
D)Either the amount reported in the income statement or the interest payment shown above must be incorrect.

If Global Data's Income Statement for 2018 Reports Interest Expense