Howard Inc. had prepaid rent of $75,000 and $80,000 at the end of 2017 and 2018, respectively. During 2018, Howard recorded $240,000 in rent expense in its income statement.
Cash outflows for rent in 2018 were: (A) $250,000. (B) $240,000. (C) $245,000. (D) $235,000.
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