Question
Suppose you received $100,000 as loan from a local commercial bank. Discuss how the money $100,000 debt show in balance sheet, cash flow statement and
Suppose you received $100,000 as loan from a local commercial bank. Discuss how the money $100,000 debt show in balance sheet, cash flow statement and income statement, and why, respectively.
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
