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The Following Information Is from X,Inc

Question 2

Multiple Choice

The following information is from X,Inc.'s December 31,2011 annual report: The following information is from X,Inc.'s December 31,2011 annual report: Note: X,Inc.does not sell to its customers on account; it collects cash from its customers in advance. Cash paid for insurance on X,Inc.'s statement of cash flows equals ________. A) $30,000 B) $29,000 C) $33,000 D) $31,000 Note: X,Inc.does not sell to its customers on account; it collects cash from its customers in advance.
Cash paid for insurance on X,Inc.'s statement of cash flows equals ________.


A) $30,000
B) $29,000
C) $33,000
D) $31,000

Correct Answer:

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