Question: Direct Method Using the following data for Smith & Sons, calculate the cash paid for rent: Rent expense Prepaid rent, January 1 Prepaid rent, December

rent, December 31 $80,000 10,000 8,000 Cash paid for rent

Direct Method Using the following data for Smith & Sons, calculate the cash paid for rent: Rent expense Prepaid rent, January 1 Prepaid rent, December 31 $80,000 10,000 8,000 Cash paid for rent

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