On April 1, 2020, Teleworks Company lent $100,000 to IT Industries. IT Industries pays back in full

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On April 1, 2020, Teleworks Company lent $100,000 to IT Industries. IT Industries pays back in full the note plus 10% interest on April 1, 2021. Determine the investing cash flows to be reported by Teleworks Company in 2021.

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Financial Accounting

ISBN: 978-1259914898

5th edition

Authors: David Spiceland, Wayne M. Thomas, Don Herrmann

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Question Posted: May 17, 2020 11:23 AM

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On April 1, 2020, Teleworks Company lent $100,000 to IT Industries. IT Industries pays back in full

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Financial Accounting

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