On November 1, 2021, the Tiger Company purchased a building for $600,000 by paying $100,000...
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On November 1, 2021, the Tiger Company purchased a building for $600,000 by paying $100,000 cash and issuing a two-year note payable for the remaining balance. Interest on the note is stated at an annual rate of 5% and is paid in full at maturity. What is the approximate amount of the interest expense that Tiger should recognize on this note in 2021? $4,167 $30,000 $0 $25,000 For the year-ended December 31, 2020, Dixon's Doughnuts, Inc. reported net income of $100,000. Some additional information from the financial statements is as follows: Depreciation Expense $30,000 Accounts Receivable, 1/1/2020 $40,000 Accounts Receivable, 12/31/2020 $50,000 Dividends paid $5,000 Considering this information, what Net Cash Flow from Operations would Dixon's Doughnuts report on its Statement of Cash Flows for the year-ended December 31, 2020? $130,000 $140,000 $125,000 $100,000 $120,000
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