Peter Piper Inc had the following information available from its 2011 balance sheet and income statement: Insurance expense $55,000 Prepaid insurance - beginning 8,000 Prepaid insurance - ending 5,000 What amount would be reported as cash outflows for insurance on the statement of cash flows for 2011 using the direct method?

A) $68,000
B) $58,000
C) $42,000
D) $52,000


D

Business

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a. debit b. credit c. double-entry system d. journal entry

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If money is gold or silver, it is called ____ money

A. fiat B. inside C. commodity D. glitter

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What technologies may have existed for digital natives when they were born that did not exist for digital immigrants?

What will be an ideal response?

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When a conflict arises, Lance tends to gloss over differences and downplay the involved disagreements. He is not assertive but is quite cooperative. His friends have suggested that Lance uses which of the following?

A. a compromising style B. an avoiding style C. a competitive style D. an accommodative style

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