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18 Pickering Company's prepaid insurance was $10,000 at December 31, 2020, and $14,000 at December 31, 2021. Pickering reported insurance expense of $20,000 on the
18 Pickering Company's prepaid insurance was $10,000 at December 31, 2020, and $14,000 at December 31, 2021. Pickering reported insurance expense of $20,000 on the 2021 income statement. What amount would be reported in the statement of cash flows as insurance paid using the direct method? 01:29:39 Multiple Choice $30,000. $24,000. $16,000
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