Statement of cash flows as rent paid using the direct method, Accounting Basics

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Statement of cash flows as rent paid using the direct method

Ludwig Company's prepaid rent was $9,000 at December 31, 2010, and $13,000 at December 31, 2011. Ludwig reported rent expense of $19,000 on the 2011 income statement. What amount would be reported in the statement of cash flows as rent paid using the direct method?

A. $15,000.

B. $19,000.

C. $23,000.

D. None of the above is correct.

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Accounting Basics: Statement of cash flows as rent paid using the direct method

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Accounting Basics: Statement of cash flows as rent paid using the direct method

Reference No:- TGS079288

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Recent Questions Asked Accounting Basics

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Accounting Basics: Statement of cash flows as rent paid using the direct method

Reference No:- TGS079288

Recent Questions Asked Accounting Basics

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