Roberts leased equipment from Jackson on January 1, 2022. The lease is a 10-year lease...
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Roberts leased equipment from Jackson on January 1, 2022. The lease is a 10-year lease with annual payments of $100,000 due beginning on January 1, 2022, and at each December 31 thereafter through 2030. The present value of the lease payments is $724,689. Jackson's implicit rate of 8% is known by the lessee. In 2022 statement of cash flows, how much should be the amount of cash inflows (outflows) listed under financing activities related to the lease transaction?
A $(200,000).
B $(150,025).
C $(49,975).
D $((57,975).
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