Tuffet Corporation had the following information available from its 2011 balance sheet and income statement: Interest expense $25,000 Interest payable - beginning 3,000 Interest payable - ending 1,000 What amount would be reported as cash outflows for interest on the statement of cash flows for 2011 using the direct method?
A) $27,000
B) $29,000
C) $21,000
D) $23,000
A
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