Answer:
$23,000
Explanation:
The amount to be recognized in he adjustment line item for pensions in JHC's indirect style statement of cash flows will be the difference between the opening and closing balances of the pensions payable account.
This is same as the movements in the account. Given that the expense for the year is $35,000 and the amount paid was $12,000. It means that the account balance increased by
= $35,000 - $12,000
= $23,000
This will be represented as an inflow of $23,000
