the dalen Company paid $3,500 for a one year insurance policy on July 1, 2018. The amount of expense shown on the income statement and the amount of cash outflow from operating activities shown of the statement of cash flows at the end of 2018 would be: Multiple Choice Income Statement $3,500 Income Statement $1,750 Income Statement $1,750 Statement of Cash Flows $3,500 Statement of Cash Flows $1,750 Statement of Cash Flows $3,500

aten Company paid $3,500 for a one year insurance policy on July 1, 2018. The amount of expense shown on the income statement and the amount of cash outflow from operating activities shown of the statement of cash flows at the end of 2018 would be: Multiple-Choice