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Use this information to answer Question 21 and 22. Muller Company issued an interest- bearing note payable with a face amount of $4,000 and
Use this information to answer Question 21 and 22. Muller Company issued an interest- bearing note payable with a face amount of $4,000 and a stated interest rate of 8% to the Capital Bank on August 1, 2021. The note carried a one-year term. The amount of cash flow from operating activities on the 2021 statement of cash flows would be: a. $133. b. $320. C. $187. d. zero. Based on this information alone, the amount of total liabilities appearing on Muller's 2021 balance sheet would be: a. $3,867 b. $4,320 C. $4,133 d. $4,000
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