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Magraw Corporation's 2017 Income Statement Reports Amortization Expense of $25,000

Question 83

Multiple Choice

Magraw Corporation's 2017 income statement reports amortization expense of $25,000.On the cash flow statement for 2017 prepared using the direct method,amortization:


A) would be shown as an addition under operating activities
B) would be shown as a deduction under operating activities
C) is not reported on the cash flow statement
D) would be shown as an addition under financing activities

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