Per US GAAP, receiving interest payments from a loan that a bank made to its customer would be included in the investing activity section of the bank statement of cash flows TRUE False
Per US GAAP, receiving interest payments from a loan that a bank made to its customer would be included in the investing activity section of the bank statement of cash flows TRUE False
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter17: Accounting For Notes And Interest
Section: Chapter Questions
Problem 12RQ: When a business borrows money from a bank on a non-interest-bearing note, how are the bank discount...
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Per US GAAP, receiving interest payments from a loan that a bank made to its customer would be included in the investing activity section of the bank statement of cash flows
TRUE
False
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