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Jefferson Company made a loan of $6,000 to one of the company's employees on April 1, Year 1. The one-year note carried a 6% rate of interest. The amount of cash flow from operating activities that Jefferson would report in Year 1 and Year 2, respectively would be:
a. $360, and $0.
b. $0, and $360.
c. $90, and $270.
d. $270, and $90.
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Jefferson Company made a loan of $6,000 to one of the company's employees on April 1, Year 1. The on...
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