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On October 1, Year 1 Coker Company issued a $1,000 face value discount note that carried a 6% annual interest rate and a one year

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On October 1, Year 1 Coker Company issued a $1,000 face value discount note that carried a 6% annual interest rate and a one year term to maturity. Based on this information, the Multiple Choice 0 Year 2 income statement will show $60 of interest expense. Year 2 statement of cash flow will show a $45 cash outflow from operating activities o oo Year 2 balance sheet will show total abilities of $1,000. Year 2 statement of cash flows will show a $940 cash outflow from financing activities

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