Question: ABC Company uses the Direct method to prepare its statement of cash flows. Presented below are selected items from its financial statements. Which of the

ABC Company uses the Direct method to prepare its statement of

ABC Company uses the Direct method to prepare its statement of cash flows. Presented below are selected items from its financial statements. Which of the following would be shown in the Operating Activities section related to insurance? A. $1,800 would be subtracted from net income B. $1,800 would be added to net income C. Cash paid for insurance of $11,400 D. Cash paid for insurance of $15,000

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