The following information relates to Layline Company: Using the direct method of reporting cash flows from operating activities, what was the amount of cash paid for insurance premiums by Layline during 2022?
A)$1,578,000.
B)$1,622,000.
C)$1,880,000.
D)-$1,622,000.

Question

The following information relates to Layline Company:  Using the direct method of reporting cash flows from operating activities, what was the amount of cash paid for insurance premiums by Layline during 2022?
A)$1,578,000. 
B)$1,622,000. 
C)$1,880,000. 
D)-$1,622,000.

Quizplus · Accepted Answer

The Answer of The following information relates to Layline Company:  Using the direct method of reporting cash flows from operating activities, what was the amount of cash paid for insurance premiums by Layline during 2022?
A)$1,578,000. 
B)$1,622,000. 
C)$1,880,000. 
D)-$1,622,000.

The Following Information Relates to Layline Company: Using the Direct