Company F received $20,000 in cash in repayment of a loan made to L Lee. In the statement of cash flows of Company F, the $20,000 would appear as:

The $20,000 received by Company F in repayment of a loan made to L Lee would appear as an inflow in the investing activities section of the statement of cash flows.

Here's why:

1. The statement of cash flows is divided into three sections: operating activities, investing activities, and financing activities.

2. Operating activities include transactions that affect the company's net income, such as sales and expenses.

3. Investing activities include transactions that involve long-term assets, such as property, plant, and equipment, and also lending money and collecting on those loans.

4. Financing activities include transactions with owners and creditors, such as issuing stock, paying dividends, and borrowing money.

5. In this case, the repayment of a loan is related to lending money, which is an investing activity. Therefore, the $20,000 would be reported as a cash inflow in the investing activities section of the statement of cash flows.