Refer to the situation described in BE119. Determine the financing cash flows to be reported by IT

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Refer to the situation described in BE11–9. Determine the financing cash flows to be reported by IT Industries in 2021.

BE11-9

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 11:25 AM

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Refer to the situation described in BE119. Determine the financing cash flows to be reported by IT

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On April 1 2020 Teleworks Company lent 100000 to IT Industries IT Industries pays b...View the full answer

Financial Accounting

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