Crider Company's operating expenses for last year totaled $240,000. During the year the company's prepaid expense account balance decreased by $15,000 and accrued liabilities increased by $13,000. Depreciation charges for the year were $23,000. Based on this information, operating expenses adjusted to a cash basis under the direct method on the statement of cash flows would be: * O $291,000 O $235,000 O $245,000 O $189,000
Crider Company's operating expenses for last year totaled $240,000. During the year the company's prepaid expense account balance decreased by $15,000 and accrued liabilities increased by $13,000. Depreciation charges for the year were $23,000. Based on this information, operating expenses adjusted to a cash basis under the direct method on the statement of cash flows would be: * O $291,000 O $235,000 O $245,000 O $189,000
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 13MCQ
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