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JVL , Inc. loaned Jay Co . $ 1 2 , 0 0 0 for one year at 7 % interest. The debt and interest
JVL Inc. loaned Jay Co $ for one year at interest. The debt and interest is due at maturity. Assuming the loan was made on October of Year the amount of interest revenue reported by JVL in Year Blank be equal to the cash flow from operating activities reported that year.
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will
may or may not
will not
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