What amount of cash disbursements for insurance, Accounting Basics

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What amount of cash disbursements for insurance

Vance Co.'s prepaid insurance was $30,000 at December 31, 2004 and $15,000 at December 31, 2003. Insurance expense was $12,000 for 2004 and $9,000 for 2003. What amount of cash disbursements for insurance would be reported in Vance's 2004 net cash provided by operating activities presented on a direct basis?

a. $33,000

b. $27,000

c. $18,000

d. $12,000

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Accounting Basics: What amount of cash disbursements for insurance

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Accounting Basics: What amount of cash disbursements for insurance

Reference No:- TGS089799

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