1. When are the following reported in a direct method Cash Flow Statement? (10 pts)a. Credit sale in 2016, paid in 2017b. Prepaid insurance paid in 2016, expensed in 2017c. 2016 Income Taxes paid in 2017
1. When are the following reported in a direct method Cash Flow Statement? (10 pts)a. Credit sale in 2016, paid in 2017b. Prepaid insurance paid in 2016, expensed in 2017c. 2016 Income Taxes paid in 2017
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