Walsh co.s prepaid insurance was 90000 at december 31 2008, Ask an Expert

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Walsh Co.'s prepaid insurance was $90,000 at December 31, 2008 and $45,000 at December 31, 2007. Insurance expense was $36,000 for 2008 and $27,000 for 2007. What amount of cash disbursements for insurance would be reported in Walsh's 2008 net cash provided by operating activities presented on a direct basis?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M957277

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