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

Question 2

Multiple Choice

Tommy Company's income statement showed rent expense of $16,000.The beginning balance in Prepaid Rent was $5,000.The ending balance in Prepaid Rent was $3,000.The cash paid for rent was ________.


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

Correct Answer:

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