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Kidman Company's Income Statement Showed Rent Expense of $16,000

Question 42

Multiple Choice

Kidman Company's income statement showed rent expense of $16,000. The beginning and ending balances in the Prepaid Rent account were $5,000 and $3,000, respectively. Cash paid for rent was:


A) $16,000
B) $24,000
C) $19,000
D) $14,000

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