North Company has other operating expenses of $360,000.There has been a decrease in prepaid expenses of $16,000 during the year, and accrued liabilities are $24,000 larger than in the prior period.Using the direct method of reporting cash flows from operating activities, what were North's cash payments for operating expenses?
A)$368,000.
B)$352,000.
C)$320,000.
D)$400,000.

Question

Quizplus · Accepted Answer

The Answer of North Company has other operating expenses of $360,000.There has been a decrease in prepaid expenses of $16,000 during the year, and accrued liabilities are $24,000 larger than in the prior period.Using the direct method of reporting cash flows from operating activities, what were North's cash payments for operating expenses?
A)$368,000.
B)$352,000.
C)$320,000.
D)$400,000.

North Company Has Other Operating Expenses of $360,000