Rinoa Corp bought a new desk on July 1st 2018. It cost 10,000, and it...
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Accounting
Rinoa Corp bought a new desk on July 1st 2018. It cost 10,000, and it was financed purely with credit card debt (15% interest per year). What is the total cash flow related to the desk in 2018 assuming the corporate rate is 21%?
A. -10,000
B. -292.41
C. +1,507.5
D. -9,542.41
E. None of the Above
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