L Corp. recorded a capital lease in February. 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.The company would report the acquisition of an asset and its financing with a capital lease as a significant noncash investing and financing activity in the disclosure notes to the financial statements.
Correct Answer:
Verified
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A)9%.
B)10%.
C)11%.
D)20%.$2,660
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