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

Question

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

Quizplus · Accepted Answer

The Answer of 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

The Following Information Is from X,Inc