The rent expense on the end-of-period income statement was $48,000. The beginning and ending balances of prepaid rent are $12,000 and $8,000, respectively. How much cash was paid for rent during the period?

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12-07-2024
Business

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The rent expense on the end-of-period income statement was $48,000. The beginning and ending balances of prepaid rent are $12,000 and $8,000, respectively. How much cash was paid for rent during the period?

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