The Following Information Is from X,Inc

question 2

Multiple Choice

The following information is from X,Inc.'s December 31,2011 annual report: Note: X,Inc.does not sell to its customers on account; it collects cash from its customers in advance.
Cash paid for insurance on X,Inc.'s statement of cash flows equals ________.

• A)$30,000
• B)$29,000
• C)$33,000
• D)$31,000

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