Multiple Choice
M 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 direct method will report:
A) A cash inflow from investing activities.
B) A cash outflow 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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