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Author Question: Walker Corporation reported total operating expenses of $120,000 on the income statement. During the ... (Read 16 times)

kled

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on: Feb 5, 2023
Walker Corporation reported total operating expenses of $120,000 on the income statement. During the year, accounts payable increased by $7,000, accrued liabilities increased by $5,000, prepaid expenses decreased by $1,000, and inventory increased by $10,000. Walker uses the direct method to determine the net cash provided by operating activities on the statement of cash flows. What is the amount of operating expenses adjusted to a cash basis?
◦ $114,000
◦ $116,000
◦ $124,000
◦ $120,000
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by kled on Feb 5, 2023

DevinBrifm

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Reply #1 on: Feb 5, 2023
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kled

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Reply 2 on: Feb 5, 2023
Excellent

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