Multiple Choice
On August 1, 2014, Miles Company accepted from another company a one-year note receivable with a face amount of $4,000 and an interest rate of 8%.
What would be the amount of cash flow from operating activities (related to the note receivable) on the 2014 statement of cash flows?
A) $(4,000)
B) $187
C) $133
D) zero
Correct Answer:
Verified
Correct Answer:
Verified
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