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Peter Piper Inc

Question 34

Multiple Choice

Peter Piper Inc. had the following information available from its 2011 balance sheet and income statement: Peter Piper Inc. had the following information available from its 2011 balance sheet and income statement: What amount would be reported as cash outflows for insurance on the statement of cash flows for 2011 using the direct method? A) $68,000 B) $58,000 C) $42,000 D) $52,000 What amount would be reported as cash outflows for insurance on the statement of cash flows for 2011 using the direct method?


A) $68,000
B) $58,000
C) $42,000
D) $52,000

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