Operating Expenses Other Than Depreciation Expense for the Year Were

question 121

Multiple Choice

Operating expenses other than depreciation expense for the year were $332,000. Prepaid expenses increased by $5,000. Cash payments for operating expenses to be reported on the cash flow statement using the direct method would be:

• A) $332,000.
• B) $337,000.
• C) $327,000.
• D) $5,000.