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Riley Company borrowed $30,000 on April 1, Year 1 from Titan Bank. The note issued by Riley carried a one-year term and a 7% annual
Riley Company borrowed $30,000 on April 1, Year 1 from Titan Bank. The note issued by Riley carried a one-year term and a 7% annual interest rate. Riley earned cash revenues of $960 during Year 1 and $1,090 during Year 2. Assume no other transactions. TB MC Qu. 09-44 Based on this information alone, what... Based on this information alone, what amount of cash flow from operating activities would appear on the Year 2 statement of cash flows? Multiple Choice $565 inflow. $1,090 inflow. $1,010 outflow. $30,565 outflow
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