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Willow Industries reported total operating expenses of $160,000 on the income statement. During the ...

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Willow Industries reported total operating expenses of $160,000 on the income statement. During the ...

Willow Industries reported total operating expenses of $160,000 on the income statement. During the year, accounts payable decreased by $8,000, accrued liabilities decreased by $4,000, prepaid expenses increased by $1,000, and accounts receivable decreased by $6,000. 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?

▸ $162,000

▸ $143,000

▸ $149,000

▸ $165,000

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Managerial Accounting

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Author: Davis

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