Operating expenses-other than depreciation-for the year were $335,000. Prepaid expenses decreased by $7,000. Cash payments for operating expenses to be reported on the cash flow statement using the direct method would be:

Question

Quizplus · Accepted Answer

Cash payments for operating expenses = Operating expenses - Decrease in prepaid expenses= $335,000 - $7,000= $328,000

Operating Expenses-Other Than Depreciation-For the Year Were $335,000