Total operating expenses on Pearl Company's income statement for last year totaled $300,000.During the year, the accounts payable stayed the same, the accrued liabilities stayed the same, and prepaid expenses stayed the same.Depreciation expense for the year was $29,000.Based on this information, operating expenses adjusted to a cash basis under the direct method on the statement of cash flows would be:
A) $341,000.
B) $271,000.
C) $100,000.
D) None of these.
Correct Answer:
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