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Madison Company issued an interest-bearing note payable with a face amount of $30,000 and a stated interest rate of 8% to the Metropolitan Bank on August 1, Year 1. The note carried a one-year term. The
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Madison Company issued an interest-bearing note payable with a face amount of $30,000 and a stated interest rate of 8% to the Metropolitan Bank on August 1, Year 1. The note carried a one-year term. The amount of cash flow from operating activities on the Year 1 statement of cash flows would be:

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Answer:

zero

Step-by-step explanation:

It will be Zero. Because its not an operating activity. It will come under Finance activity in the cash flow of Madison company .

User Elham Kohestani
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