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Multiple Choice Question Gomez Company borrowed $ 1 0 , 0 0 0 from the State Bank on April 1 , Year 1 . The

Multiple Choice Question

Gomez Company borrowed $

10, 000

from the State Bank on April

1,

Year

1 .

The one

-

year note has a

6 %

rate of interest. The cash outflow from financing activities that Gomez will report on its Year

2

statement of cash flows is

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