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Adams Company issued an interest-bearing note payable with a face amount of $13,800 and a stated interest rate of 8% to the National Bank on
Adams Company issued an interest-bearing note payable with a face amount of $13,800 and a stated interest rate of 8% to the National Bank on August 1. Year 1. The note carried a one-year term. The amount of cash flow from operating activities on the Year 1 statement of cash flows would be: 1:50:03 Multiple Choice tero $13.800 $004 $460
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