Statement of cash-flow as insurance paid using direct method, Accounting Basics

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Statement of cash-flow as insurance paid using direct method

Pickering Company's prepaid insurance was $8,000 at December 31, 2010, and $10,000 at December 31, 2011. Pickering reported insurance expense of $15,000 on the 2011 income statement. What amount would be reported in the statement of cash flows as insurance paid using the direct method?

A. $13,000.

B. $17,000.

C. $15,000.

D. $23,000.

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Accounting Basics: Statement of cash-flow as insurance paid using direct method

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Accounting Basics: Statement of cash-flow as insurance paid using direct method

Reference No:- TGS079289

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Statement of cash-flow as insurance paid using direct method

Reference No:- TGS079289

Recent Questions Asked Accounting Basics

Q : What deferred tax liability would isaac report

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