
Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
النسخة 4الرقم المعياري الدولي: 978-0324380767
Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
النسخة 4الرقم المعياري الدولي: 978-0324380767 تمرين 31
Adjustment for Prepaid Rent
Charles Company showed $63,000 in prepaid rent on December 31, 2011. On December 31, 2012, the balance in the prepaid rent account was $75,600. Rent expense for 2012 was $157,500.
Required:
1. What amount of cash was paid for rent in 2012
2. Conceptual Connection: What adjustment in prepaid expenses is needed if the indirect method is used to prepare Charles' statement of cash flows
Charles Company showed $63,000 in prepaid rent on December 31, 2011. On December 31, 2012, the balance in the prepaid rent account was $75,600. Rent expense for 2012 was $157,500.
Required:
1. What amount of cash was paid for rent in 2012
2. Conceptual Connection: What adjustment in prepaid expenses is needed if the indirect method is used to prepare Charles' statement of cash flows
التوضيح
1. Calculation of amount of cash was pai...
Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger
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