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On October 1, Year Coker Company issued a $1.000 face value discount note that carried a 6% annual interest rate and a one year term
On October 1, Year 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 Year 2 income statement will show 360 of Wrest expense Yom 2 statement of cash flow will show a 545 ch udowom operating active O Yar 2 balance sheet will show total of 1000 Multiple Choice Year 2 income statement will show $60 interest expense. C ) Year 2 statement of cash flow will show a $45 cash outflow from operating activities. Year 2 balance sheet will show total liabilities of $1,000 Year 2 statement of cash flows will show a $940 cash outflow from financing activities
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