A decrease in Interest Payable during the reporting period indicates that cash paid for interest exceeded Interest Expense on the income statement.

Name: A decrease in Interest Payable during the reporting period indicates that cash paid for interest exceeded Interest Expense on the income statement.
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A decrease in Interest Payable suggests that the company paid more cash for interest than the interest expense recorded, reducing the payable balance.

A Decrease in Interest Payable During the Reporting Period Indicates