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Home Q & A Board Other Fields Homework Help Business Accounting
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ogf78 ogf78
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A month ago
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
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Managerial Accounting

Managerial Accounting


Edition: 4th
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packar11packar11
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More solutions for this book are available here
$114,000

$120,000 - $1,000 - $5,000 = $114,000
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ogf78 Author
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A month ago
Smart ... Thanks!
Turboturner
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
DaiwalkerX
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2 hours ago
Brilliant ツ
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