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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
النسخة 6الرقم المعياري الدولي: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
النسخة 6الرقم المعياري الدولي: 978-1305103962 تمرين 60
Adjustment for Prepaid Rent
Jarem Company showed $189,000 in prepaid rent on December 31, 2015. On December 31, 2016, the balance in the prepaid rent account was $226,800. Rent expense for 2016 was $472,500.
Required:
1. What amount of cash was paid for rent in 2016?
2. CONCEPTUAL CONNECTION What adjustment in prepaid expenses is needed if the indirect method is used to prepare Jarem's statement of cash flows?
Jarem Company showed $189,000 in prepaid rent on December 31, 2015. On December 31, 2016, the balance in the prepaid rent account was $226,800. Rent expense for 2016 was $472,500.
Required:
1. What amount of cash was paid for rent in 2016?
2. CONCEPTUAL CONNECTION What adjustment in prepaid expenses is needed if the indirect method is used to prepare Jarem's statement of cash flows?
التوضيح
موثّق
موثّق
Cash flow statement:
Cash flow statemen...
Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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