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During the current year, Maine Savings and Loan Association made new loans of $15 million. In addition, the company collected $36 million from borrowers, of which $30 million was interest revenue. Explain how these cash flows will appear in the company's statement of cash flows, indicating the classification and the dollar amount of each cash flow

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9985900

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