Davis Company uses the direct method to prepare its cash flow statement.Refer to the following information reported for the year 2016: Operating expenses,$27,000
Accrued liabilities,beginning balance,$3400
Accrued liabilities,ending balance,$5500
What amount was paid to suppliers for operating expenses on a cash basis?
A)$30,400
B)$32,500
C)$29,100
D)$24,900

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The Answer of Davis Company uses the direct method to prepare its cash flow statement.Refer to the following information reported for the year 2016: Operating expenses,$27,000
Accrued liabilities,beginning balance,$3400
Accrued liabilities,ending balance,$5500
What amount was paid to suppliers for operating expenses on a cash basis?
A)$30,400
B)$32,500
C)$29,100
D)$24,900

Davis Company Uses the Direct Method to Prepare Its Cash