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During the current year, a business, which chooses to report interest collected as operating activities, made loans to other companies in the amount of $300,000,
During the current year, a business, which chooses to report interest collected as operating activities, made loans to other companies in the amount of $300,000, collected principal repayments on these loans in the amount of $60,000 and collected interest on the loans in the amount of $13,000. On the direct method statement of cash flows, the entry/ entries that will appear in the operating activities will include Select answer from the options below a decrease in cash of $300,000 and an increase of $73,000. nothing. a decrease in cash of $300,000 and an increase of $60,000. an increase in cash of $13,000
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