Question: Stadent name Student # 16. What effect does the following journal entry have on the amount of cash generated by operating Interest receivable 150 Interest
Stadent name Student # 16. What effect does the following journal entry have on the amount of cash generated by operating Interest receivable 150 Interest revenue 150 a. Decreases it b. Increases it c. Has no effect d. Cannot be determined from the information given 17. The Jackson Company issued a one-year $80,000 face value interest-bearing note with a stated interest rate of 9%. The note was issued to the Galaxy Bank on August 1, 2016. The amount of cash flow from financing activities on the December 31, 2016 statement of cash flows would be a. $O. b. $83,000 inflow. c. $80,000 inflow. d. ($87,200) outflow. The remainder of your multiple choice questions are continued on the f
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