Question: During the current year Maine Savings and Loan Association made

During the current year, Maine Savings and Loan Association made new loans of $15 million. In addition, the company collected $36 million from borrowers, of which $30 million was interest revenue. Explain how these cash flows will appear in the company’s statement of cash flows, indicating the classification and the dollar amount of each cash flow.


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  • CreatedApril 21, 2014
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