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gyoku2302 gyoku2302
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8 months ago

Which of the following statements is true?

  1. Cash payments to repay the principal amount of debt are reported as a cash outflow in the investing activities section of the statement of cash flows.
  2. Cash payments to insurers and utility providers are considered operating activities on the statement of cash flows.


▸ Only statement I is true.

▸ Only statement II is true.

▸ Both statements are true.

▸ Neither statement is true.
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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coconut122coconut122
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8 months ago
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gyoku2302 Author
wrote...

8 months ago
Thanks for your help!!
TheMoffattMan
wrote...

Yesterday
Smart ... Thanks!
jmelchor77
wrote...

2 hours ago
Good timing, thanks!
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