Question
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
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?
The answer is not 12,000, 960, or 12,960. please help
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
3rd edition
132890542, 978-0132890540
