Question
Madison Company issued an interest-bearing note payable with a face amount of $26,400 and a stated interest rate of 8% to the Metropolitan Bank on
Madison Company issued an interest-bearing note payable with a face amount of $26,400 and a stated interest rate of 8% to the Metropolitan 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:
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The Wall Street Mba
Authors: Reuben Advani
2nd Edition
007178831X, 9780071788311
