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How will the interest be reported on Benz's 2017 statement of cash flows?
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On May 1, 2016 Benz's Sandwich Shop loaned $10,000 to Mark Henry for one year at 6 percent interest. Required: (A) What is Benz's interest income for 2016? (B) What is Benz's total amount of receivables at December 31, 2016? (C) How will the loan and interest be reported on Benz's 2016 statem...
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