Solved

Donnegan Company Reported Operating Expenses of $325,000 for 2015 On a Statement of Cash Flows for 2015, Using the Following

Question 87

Multiple Choice

Donnegan Company reported operating expenses of $325,000 for 2015. The following data were extracted from the company's financial records: 12/31/1412/31/15 Prepaid Expenses $60,000$69,000 Accrued Expenses 210,000255,000\begin{array}{lrr}&12 / 31 / 14&12 / 31 / 15\\\text { Prepaid Expenses } & \$ 60,000 & \$ 69,000 \\\text { Accrued Expenses } & 210,000 & 255,000\end{array} On a statement of cash flows for 2015, using the direct method, cash payments for operating expenses should be


A) $379,000.
B) $361,000.
C) $289,000.
D) $271,000.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents