Answer:
$31,000
Explanation:
The computation of the amount reported in the statement of cash flows as rent paid using the direct method is shown below:
= Ending prepaid rent balance + rent expense reported - beginning balance of prepaid rent
= $15,000 + $22,000 - $6,000
= $31,000
We simply applied the above formulas so that the amount of rent paid could come and the same is shown in the operating activities section of the cash flow statement
