Question
A company loaned $1,000,000 with interest at 7% to another company. The interest revenue from this loan would be reported on the statement of cash
A company loaned $1,000,000 with interest at 7% to another company. The interest revenue from this loan would be reported on the statement of cash flows as a:
| cash inflow from operating activities. | ||
| cash inflow from investing activities. | ||
| cash inflow from financing activities. | ||
| noncash investing and/or financing activity. |
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Performance Auditing A Measurement Approach
Authors: Ronell B. Raaum CGAP CGFM, Stephen L. Morgan CIA CGAP CFE CGFM
2nd Edition
0894136607, 9780894136603
