Madison company issued an interest-bearing note payable with a face amount of $9,000 and a stated interest rate of 8% to the metropolitan bank on august 1, 2016. the note carried a one-year term.
6.
the amount of cash flow from operating activities on the 2016 statement of cash flows would be:
$720.
$300.
$9,000.
zero.
Answers: 3
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Madison company issued an interest-bearing note payable with a face amount of $9,000 and a stated in...
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