Operating expenses other than depreciation for the year, Ask an Expert

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Operating expenses other than depreciation for the year were $400,000. Prepaid expenses increased by $17,000 and accrued expenses decreased by $30,000 during the year. Cash payments for operating expenses to be reported on the cash flow statement using the direct method would be :

a. $353,000

b. $413,000

c. $447,000

d. $383,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9417990

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