Multiple Choice
Hackett Company's prepaid rent was $12,000 at December 31 Year 1 and $15,000 at December 31,Year 2.Hackett reported rent expense of $45,000 on its Year 2 income statement.What would be reported as cash paid for rent on the statement of cash flows?
A) $42,000
B) $45,000
C) $48,000
D) $60,000
Correct Answer:
Verified
Correct Answer:
Verified
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