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Posted on Jun 07, 2024

On April 1 , 2 0 2 3 , Teleworks Company lent $ 1 3 0 , 0 0 0 to IT Industries. IT Industries

On April

1, 2023,

Teleworks Company lent $

130, 000

to IT Industries. IT Industries pays back in full the note plus

10 %

interest on April

1,

Determine the investing cash flows to be reported by Teleworks Company in

2024 .

Answer is complete but not entirely correct.

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