Multiple Choice
Rent a Wreck,Inc.began operations on July 1,2012.On July 1,the company paid $9,600 cash in advance for a one-year insurance policy beginning on that day.Cash paid for insurance on the company's statement of cash flows for the month ended July 31,2012 equals ________.
A) $(800)
B) $(9,600)
C) $(4,800)
D) $(8,800)
Correct Answer:
Verified
Correct Answer:
Verified
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