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Tampa Ltd.'s prepaid insurance balance was $20,000 at December 31, 2020 and $10,000 at December 31, 2019. Insurance expense was $8,000 for 2020 and $6,000
Tampa Ltd.'s prepaid insurance balance was $20,000 at December 31, 2020 and $10,000 at December 31, 2019. Insurance expense was $8,000 for 2020 and $6,000 for 2019. How much cash paid for insurance would be reported in Tampa 2020 statement of cash flows prepared using the direct method?
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