Question
Detmer Company's prepaid rent was $40,000 at December 31,2008, and $15,000 at December 31,2007. Detmer's income statement for 2008 reported rent expense as $10,000. What
Detmer Company's prepaid rent was $40,000 at December 31,2008, and $15,000 at December 31,2007. Detmer's income statement for 2008 reported rent expense as $10,000. What amount of cash disbursements for rent would be reported in Detmer's net cash flows from operating activities for 2008 presented on a direct basis?
a.$10,000
b. $ 20,000
c. $35,000
d.$45,000
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Primary Science Audit And Test
Authors: Jenny Byrne, Andri Christodoulou, John Sharp
4th Edition
1446282732, 978-1446282731
