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Business, 15.05.2021 01:00 tntaylor862

Flipflops Inc. borrowed $4.4 million from its local bank on January 1, 2021, and issued a 4-year installment note to be paid in four equal payments at the end of each year. The payments include interest at the rate of 7%. Installment payments are $1,299,004 annually. What amount would be reported in the cash flow from operations section of the cash flow statement

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Flipflops Inc. borrowed $4.4 million from its local bank on January 1, 2021, and issued a 4-year ins...
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