Multiple Choice
L Corp. recorded a finance lease in February of Year 1 using an annuity due present value table. The company's statement of cash flows for the year ending December 31, Year 1 using the indirect method will report:
A) An addition to net income for amortization.
B) A cash inflow from financing activities.
C) A cash outflow from investing activities.
D) A cash inflow from operating activities.
Correct Answer:
Verified
Correct Answer:
Verified
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