单选题
Interest payable decreased during a company's fiscal year. Compared with the amount of cash interest payments made, interest expense is most likely:
【正确答案】
A
【答案解析】
If the interest payable decreases during the year, then the interest expense on an accrual basis will be lower than the amount of cash interest payments. The cash paid would be the full amount of the expense plus the amounts paid to reduce the interest payable. For example,
