Rent expense that is paid with cash appears on which of the following statements?
A) Balance sheet.
B) Income statement.
C) Statement of changes in equity.
D) Income statement and statement of cash flows.
E) Statement of cash flows only.

Question

Quizplus · Accepted Answer

Rent expense paid with cash affects the income statement as an expense, reducing net income. It also appears on the statement of cash flows under operating activities, reflecting the cash outflow.

Rent Expense That Is Paid with Cash Appears on Which