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Receipts of cash dividends and interest earned on loans are classified as investing activities Answer: Cash flows are classified as operating, investing, or financing activities on the statement of cash flows, depending on the nature of the transaction. Each of these three classifications is defined as follows. Operating activities include cash activities related to net income. For example, cash generated from the sale of goods (revenue) and cash paid for merchandise (expense) are operating activities because revenues and expenses are included https://paydayloansohio.net/cities/kenton/ in net income. Investing activities include cash activities related to noncurrent assets. Noncurrent assets include (1) long-term investments; (2) property, plant, and equipment; and (3) the principal amount...
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Legal Status of Payday Loans by State State Information Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia States where payday lending is allowed https://cashcentralpaydayloans.com/payday-loans-mi/ The page for each state where payday lending is legal gives the key cost of loan terms under state law. Look for the cost of a payday loan in dollars and annual interest rate for a 14-day $100 loan. Each page lists the maximum number of loans a consumer can have, any limits on loan renewals and requirements for extended repayment plans. Collection limits spell out the fees lenders can charge if the loan is not repaid and whether the lender can use or threaten criminal action if a borrower is unable to make good on the check used to get a loan. States wh...
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