Statement of cash flows as rent paid using the direct method

Assignment Help Financial Accounting

Reference no: EM13745321

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: EM13745321

Questions Cloud

Critical requirement for elite players is that each bat : Louisville Sports manufactures baseball bats for use by players in the major leagues. A critical requirement for elite players is that each bat they use have an identical look and feel. As a result, Louisville uses a dedicated process to produce bats..

Determine the amount of net income or loss thomas reported : The December 31, 2012, balance sheet for Thomas Company showed total stockholders’ equity of $73,000. Total stockholders’ equity increased by $42,500 between December 31, 2012, and December 31, 2013. During 2013 Thomas Company acquired $10,700 cash f..

Text outlined several tactics employed by boards : The text outlined several tactics employed by boards to mitigate a hostile takeover. As a board member, which move would you favor? As an acquiring company, which move would you despise the most? Why?

Bond discount decreased : If bond interest expense is $900,000, bond interest payable increased by $9,500 and bond discount decreased by $2,200, cash paid for bond interest is:

Statement of cash flows as rent paid using the direct method : 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 th..

Explain kinds of emotional behavioral changes : Ella's father, Frederic has Parkinson disease known as "Shaky Grandpa 250- 300 words Know about family members of family analyze & comment of effects of this condition. Explain kinds of emotional behavioral changes that might be expected

What was the amount of cash paid for salaries : A firm reported salary expense of $232,000 for the current year. The beginning and ending balances in salaries payable were $42,000 and $10,000, respectively. What was the amount of cash paid for salaries?

Defined benefit pension plan : Our company's defined benefit pension plan had a PBO of $530,000 on January 1, 2013. During 2013, pension benefits paid were $80,000. The discount rate for the plan for this year was 10%. Service cost for 2013 was $160,000. Plan assets (fair value) i..

Develop a variable cost income statement : This income statement reflects sales of 100,000 mice. Direct materials cost $5.00 per mouse, direct labor was $1.00 per mouse, and sales commissions were $1.50 per mouse. Advertising costs totaled $200,000. All manufacturing overhead costs are fixed...

User Account

All Pages