Skylar Corporation prepares its statment of cash flows using the DIRECT method. Its year-end income...
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Accounting
Skylar Corporation prepares its statment of cash flows using the DIRECT method. Its year-end income statement shows insurance expense of $8,000. Prepaid insurance decreased $800 during the year. What amount will be shown as Cash Paid for Insurance in the Operating Activities section of the statement of cash flows?
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