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On september 1, year 1 western company loaned $36,000 cash to eastern company. the one-year note carried a 5% rate of interest. the amount of interest revenue on the income statement and the amount of cash flow from operating activities shown on westernâs december 31, year 1 financial statements would be
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On september 1, year 1 western company loaned $36,000 cash to eastern company. the one-year note car...
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