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L CorpRecorded a Capital Lease in February Using an Annuity Due

Question 16

Multiple Choice

L Corp.recorded a capital lease in February using an annuity due present value table.The company's December 31 statement of cash flows using the indirect method will report:


A) An addition to net income for depreciation.
B) A cash inflow from financing activities.
C) A cash outflow from investing activities.
D) A cash inflow from operating activities.

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