Question
1)C Corp takes out a short-term loan of $12,000 on January 1st from Bank B. By December 31st, C Corp has completed payments totalling $12,960
1)C Corp takes out a short-term loan of $12,000 on January 1st from Bank B. By December 31st, C Corp has completed payments totalling $12,960 to Bank B. How much does C Corp record in net operating cash flows related to this loan?
2)C Corp takes out a short-term loan of $12,000 on January 1st from Bank B. By December 31st, C Corp has completed payments totalling $12,960 to Bank B. How much does C Corp record in net investing cash flows related to this loan?
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Standard For Auditing Computer Applications
Authors: Martin A. Krist
2nd Edition
0849399831, 978-0849399831
