Question
Option 1: There is a loan balance of $100,000 at the beginning of the month. Wouldn't the additional loan/repayment under cash be $100,000, and $19,000
Option 1: There is a loan balance of $100,000 at the beginning of the month. Wouldn't the additional loan/repayment under cash be $100,000, and $19,000 under loan balance? All the similar documents that have been uploaded say differently, but that wouldn't make sense as only cash in excess of $50,000 at the end of the month is used to repay the loan principal.
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Management And Cost Accounting
Authors: Alnoor Bhimani, Srikant M. Datar, Charles T. Horngren, Madhav V. Rajan
7th Edition
1292232668, 978-1292232669
