At December 31, 20x1, Surmise Company's balance in its prepaid rent account was $10,500, and $15,500 at December 31, 20x2. On its 20x2 income statement, Surmise reported rent expense in the amount of $20,500. Surmise uses the direct method to prepare its statement of cash flows. How much cash outflow for rent should Surmise report in its statement of cash flows for the year ended 20x2

As you have noticed, the demand for flip phones has drastically reduced, and there are only a few consumer electronics companies selling them at extremely low prices. also, the current buyers of flip phones are mainly categorized under laggards. which of the following stages of the industry life cycle is the flip phone industry in currently? a. growth stage b. maturity stage c. decline stage d. commercialization stage