What amount would be reported in the statement of cash flows

Assignment Help Accounting Basics
Reference no: EM132058402

Question - Ludwig Company's prepaid rent was $11,000 at December 31, 2012, and $14,000 at December 31, 2013. Ludwig reported rent expense of $24,000 on the 2013 income statement. What amount would be reported in the statement of cash flows as rent paid using the direct method?

Reference no: EM132058402

Questions Cloud

How much cash was collected from customers on account : Sales on account were $1,830 for the year. How much cash was collected from customers on account
Human reproductive behavior : Why or why not should evolutionary principles be applied to human reproductive behavior?
What is the standard deviation of the rate of return : A project has a 0.52 chance of doubling your investment in a year and a 0.48 chance of halving your investment in a year.
What you now know about mendelian genetics : Given what you now know about Mendelian genetics, discuss how Homo neanderthal characteristics have shown up in modern Homo sapiens.
What amount would be reported in the statement of cash flows : Ludwig reported rent expense of $24,000 on the 2013 income statement. What amount would be reported in the statement of cash flows
Clinic for ongoing fatigue : A 52 year old woman presented to the clinic for ongoing fatigue and weight loss during the last 6 weeks.
What is the difference between independent : What Is the difference between independent and dependent variables and how it can be evaluate for EBP
Find the net book value for the lighting rig : A not-for-profit opera company purchased a new lighting rig for $275,000 exactly two years ago. The lighting rig is expected to have a useful life of 10 years.
What was the amount of cash paid for salaries : The beginning and ending balances in salaries payable were $42,000 and $10,000, respectively. What was the amount of cash paid for salaries

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd