$28$

Multiple Choice

$1$ point

Your client. Andy, is in need of assistance in preparing his statement of financial position and statement of cash flows. He earns $$150\mathrm{.}000$ annually and pays $1\mathrm{.}000$ monthly in alimony to his ex$-$wife, Debble. Andy owns a condo valued at $$230,000,$ which currently has an outstanding mortgage balance of $$100,000.$ He pays annual property taves of $$3,000,$ and the condo insur ince costs $$160$ per month.

All of the following statements are CORRECT except

the alimory Andy pays would be a cash inflow on Debbie's statement of cash flows.

the condo insurance payments would be a fiaed outhow on Andy$/$s statement of cath flows.

taves paid on his property would be a liability on Nis statement of financlal position.

Andy's salary would be considered a cash inflow on his statement of cash flows.

$5$