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On May 1, 2016, Benz's Sandwich Shop loaned $10,000 to Mark Henry for one year at 6 percent interest Required a. What is Benz's interest
On May 1, 2016, Benz's Sandwich Shop loaned $10,000 to Mark Henry for one year at 6 percent interest Required a. What is Benz's interest income for 2016? Interest income b. What is Benz's total amount of receivables at December 31, 2016? Receivables c. How will the loan and interest be reported on Benz's 2016 statement of cash fows? ash used in investing activities
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