On August 1, 2014, Miles Company Accepted from Another Company

question 141

Multiple Choice

On August 1, 2014, Miles Company accepted from another company a one-year note receivable with a face amount of $4,000 and an interest rate of 8%.
What would be the amount of cash flow from operating activities (related to the note receivable) on the 2014 statement of cash flows?

• A) $(4,000)
• B) $187
• C) $133
• D) zero

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Definitions:

Supply-Siders

are economists who believe that changes in marginal tax rates and the ability to supply goods in the economy significantly influence economic growth.

Work More

The concept or action of increasing the amount of effort or hours spent on labor or tasks.

New Classical Economists

Economists who advocate for the theory that markets are clear and that prices, wages, and rates adjust quickly to equilibrate supply and demand.

Government Intervention

Actions taken by the government to influence economic activity and market outcomes, such as regulation, subsidies, and taxation.