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.

---

Definitions:

Anti-Competitive

Practices that reduce or prevent competition in a market, leading to less favorable conditions for consumers.

Nash Equilibrium

A concept in game theory where no player can benefit by changing their strategy while others keep theirs unchanged.

Individual Profits

The net gains or benefits accruing to an individual business after subtracting all expenses, costs, and taxes needed to sustain the business operations.

Tying

A sales practice where a seller requires the purchase of additional goods or services as a condition for buying a given product.