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Title: Walker Corporation reported total operating expenses of $120,000 on the income statement. During the ... Post by: ogf78 on Feb 5, 2023 Walker Corporation reported total operating expenses of $120,000 on the income statement. During the year, accounts payable increased by $7,000, accrued liabilities increased by $5,000, prepaid expenses decreased by $1,000, and inventory increased by $10,000. Walker uses the direct method to determine the net cash provided by operating activities on the statement of cash flows. What is the amount of operating expenses adjusted to a cash basis?
▸ $114,000 ▸ $116,000 ▸ $124,000 ▸ $120,000 Title: Walker Corporation reported total operating expenses of $120,000 on the income statement. During the ... Post by: packar11 on Feb 5, 2023 Content hidden
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