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Ludwig Company's prepaid rent was $7,500 at December 31, 2017, and $16,000 at December 31, 2018. Ludwig reported rent expense of $20,000 on the 2018
Ludwig Company's prepaid rent was $7,500 at December 31, 2017, and $16,000 at December 31, 2018. Ludwig reported rent expense of $20,000 on the 2018 income statement. What amount would be reported in the statement of cash flows as rent paid using the direct method?
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