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Brief Exercise 2 1 - 7 ( Algo ) Installment note [ LO 2 1 - 3 , 2 1 - 6 ] On January
Brief Exercise Algo Installment note LO On January the Merit Group issued to its bank a $ million, fiveyear installment note to be paid in five equal payments at the end of each year. Installment payments of $ million annually include interest at the rate of Required: What would be the amounts related to the note that Merit would report in its statement of cash flows for the year ended December Note: List each cash flow separately. Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to decimal places ie should be entered as table$ in millionsCash inflow from financing activities,$Cash inflow from investing activities,$Cash inflow from financing activities,$
Brief Exercise Algo Installment note LO
On January the Merit Group issued to its bank a $ million, fiveyear installment note to be paid in five equal payments at the end of each year. Installment payments of $ million annually include interest at the rate of
Required:
What would be the amounts related to the note that Merit would report in its statement of cash flows for the year ended December
Note: List each cash flow separately. Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to decimal places ie should be entered as
table$ in millionsCash inflow from financing activities,$Cash inflow from investing activities,$Cash inflow from financing activities,$
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