Hogan Company Uses the Direct Method in Determining Net Cash

question 138

Multiple Choice

Hogan Company uses the direct method in determining net cash provided by operating activities During the year operating expenses were $295000 prepaid expenses increased $23000 and accrued expenses payable increased $33000. Cash payments for operating expenses were

• A) $39000.
• B) $51000.
• C) $305000.
• D) $285000.

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