In: Accounting
On January 1, 2020, the balance in Todd Co's "Prepaid Insurance"
account was $3,600. At the December 31 year end, the balance was
$1,200. In Todd's Cash Flow Statement for the year ended
12/31/2020, the net $2,400 net decrease will be
A Subtracted from Net Income in determining net cash provided by
operating activities
B Reported as a cash inflow from financing activities
C Reported as a cash outflow from financing activities
D Added to Net Income in determining net cash provided by operating
activities