How can this reporting be misinterpreted

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Reference no: EM131904008

How are derivatives reported? how can this reporting be misinterpreted?

Shanna Engel started up a new nonprofit organization in 2013 named Concern for Animal Shelter and Habitats+(CASH). The organization places homeless animals in permanent homes. Transactions during the first month of operations were as follows:

1. Borrowed $ 50,000 from a local bank. No interest is due on the loan

Reference no: EM131904008

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