Payments for operating expenses

Assignment Help Accounting Basics

Reference no: EM13137805

Operating expenses other than depreciation for the year were $400,000. Prepaid expenses increased by $17,000 and accrued expenses decreased by $30,000 during the year. Cash payments for operating expenses to be reported on the cash flow statement using the direct method would be :

a. $353,000

b. $413,000

c. $447,000

d. $383,000

Reference no: EM13137805

Questions Cloud

Financial report messages : The degree to which accounting 'messages' contained in financial reports are understood and convey the exact meanings which were intended by their senders seems a natural issue of interest.

Identify and discuss the transfer tax implications : Willie purchased a whole-life insurance policy on his brother, Benny. under the policy, the insurance company will pay the named beneficiary $100,000 upon the death of the insured, benny.

What is howell correct ending inventory balance at december : $9,000 of goods received on consignment from Westwood Company. What is Howell's correct ending inventory balance at December 31, 2010?

What is the trend percentage for 2009 : Silva Corporation reported net sales of $240,000, $420,000, and $540,000 in the years 2007, 2008, and 2009 respectively. If 2007 is the base year, what is the trend percentage for 2009?

Payments for operating expenses : Operating expenses other than depreciation for the year were $400,000. Prepaid expenses increased by $17,000 and accrued expenses decreased by $30,000 during the year. Cash payments for operating expenses to be reported on the cash flow statement ..

Race and institutional violence discussion : Violence breeds violence. Repression breeds retaliation and only a cleansing of our whole society can remove this sickness from our souls. For there is another kind of violence slower,but just as deadly, destructive.

Compute the power required to overcome the skin : Calculate the power required to overcome the skin friction drag on the keel of a sailing dingy moving through water at 2m/s. The keel projects 0.8m into the water and it is 0.4m wide

What was approximate amount of its alleged revenue over : ClearOne had stuffed inventory costing approximately $11.5 million into the distribution channel. On the basis of that assertion, what was the approximate amount of its alleged revenue overstatement by the end of 2002?

Find two current article related to project management : find two current article related to project management, summarize the articles in your own words, and then describe how the article relates to Project management information technology

User Account

All Pages