Multiple Choice
Hackett Company's prepaid rent was $9,000 at December 31 Year 1 and $12,000 at December 31, Year 2. Hackett reported rent expense of $41,000 on its Year 2 income statement. What would be reported as cash paid for rent on the statement of cash flows?
A) $38,000
B) $41,000
C) $44,000
D) $53,000
Correct Answer:
Verified
Correct Answer:
Verified
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