Ludwig Company's prepaid rent was $10,000 at December 31, 2020, and $13,500 at December 31, 2021. Ludwig
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Question:
Ludwig Company's prepaid rent was $10,000 at December 31, 2020, and $13,500 at December 31, 2021. Ludwig reported rent expense of $18,000 on the 2021 income statement. What amount would be reported in the statement of cash flows as rent paid using the direct method?
Multiple Choice
None of these answer choices are correct.
$21,500.
$14,500.
$18,000.
Related Book For
Organizational Behaviour Concepts Controversies Applications
ISBN: 978-0132310314
6th Canadian Edition
Authors: Nancy Langton,Stephen P. Robbins, Timothy A. Judge, Katherine Breward
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