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Madison Company issued an interest-bearing note payable with a face amount of $24,000 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 $24,000 and a stated interest rate of 8% to the Metropolitan Bank on August 1, 2016. The note carried a one-year term. The amount of cash flow from operating activities on the 2016 statement of cash flows would be:

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