[The following information applies to the questions displayed below.]Madison Company issued an interest-bearing note payable with a face value of $24,000 and a stated interest rate of 8% to Metropolitan Bank on August 1, Year 1. The note carried a one-year term.Based on this information alone, what is the amount of cash flow from operating activities reported on Madison's Year 1 statement of cash flows?
A. $-0-
B. $800
C. $24,000
D. $1,920
Answer: A
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