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On October 1 , Year 1 , Coker Company issued a $ 4 , 2 0 0 face value discount note that carried a 6
On October Year Coker Company issued a $ face value discount note that carried a annual interest rate and a oneyear term to maturity. Based on this information, the:
Multiple Choice
Year income statement will show $ of interest expense.
Year balance sheet will show total liabilities of $
Year statement of cash flows will show a $ cash outflow from financing activities.
Year statement of cash flows will show a $ cash outflow from operating activities.
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