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What Amounts Will Siebens Report on Its 2012 Statement of Cash

Question 7

Multiple Choice

What amounts will Siebens report on its 2012 statement of cash flows?


A) $0
B) A cash outflow of $20,000 shown as an operating activity
C) A cash outflow of $20,000 and an inflow of $800 for interest
D) A cash outflow of $20,000 shown as an investing activity

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