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Cash flows
College Television Company had supplies on its balance sheet at December 31, 2010 of $2750. The balance sheet at December 31, 2011 showed supplies of $5250. The income statement for 2011 showed supplies expense of $13500. If no supplies were purchased on account (all were cash purchases) how much cash did College Television Company spend on supplies during 2011? How would that cash outflow be classified on the statement of cash flows?
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