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On April 1, 2018, Hope Co. accepted a $5,000 face value note as evidence of a loan it made to Cannon Company. The note had
On April 1, 2018, Hope Co. accepted a $5,000 face value note as evidence of a loan it made to Cannon Company. The note had a 12 percent interest rate and a one-year term.
- The cash flow from operating activities shown, on Hopes 2019 statement of cash flows, would be
- Hope Companys December 31, 2018 balance sheet would show total receivables in the amount of
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