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ogf78 ogf78
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A year 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
Textbook 
Managerial Accounting

Managerial Accounting


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packar11packar11
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A year ago
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