Riley company borrowed 36,000 on April 1st 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 1700 during year one and 1400 during year to assume no other transaction based on this information alone what amount of cash flow from operating activities would appear on the year to statement of cash flows.

Answer rating: 100% (QA)

To determine the amount of cash flow from operating activities that would appear on the year two sta... View the full answer