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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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Davis
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$165,000
$160,000 + $4,000 + $1,000 = $165,000
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ticktrader
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Smart ... Thanks!
ky
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Good timing,
thanks!
Mcb
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Thanks for your help!!
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