On June 3, a company borrows $ 200,000 cash by giving its bank a 90-day, interest- bearing

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On June 3, a company borrows $ 200,000 cash by giving its bank a 90-day, interest- bearing note. On the statement of cash flows, where should this be reported?

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Feb 13, 2014 07:30 AM

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On June 3, a company borrows $ 200,000 cash by giving its bank a 90-day, interest- bearing

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Since this cash inflow results from borrowing money it ...View the full answer

Fundamental accounting principle

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