Collins Company Began 2013 with a Note Payable of $10,000

question 9

Multiple Choice

Collins Company began 2013 with a note payable of $10,000 and interest payable of $400. During the year, the company accrued an additional $200 of interest expense, and paid off the note with interest. On the company's 2013 income statement, cash flows for financing activities related to the note would be:

• A)$600 outflow
• B)$10,000 outflow
• C)$10,200 outflow
• D)$10,600 outflow

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Definitions:

Non-Elective Contraindication

A situation where medical treatment must not be used due to the risk of harm and the treatment is not chosen by the patient or provider.

Noted Exceptional Condition

A unique or rare health state or disorder that is identified and specifically highlighted due to its uncommon nature.

NOS

An abbreviation for "Not Otherwise Specified," used in medical coding when a condition doesn't fit other specific categories.

Not Otherwise Specified

A classification used in diagnosis when symptoms don't fully meet the criteria for a more specific disorder.