Total Operating Expenses on Harmon Company's Income Statement for Last

question 165

Multiple Choice

Total operating expenses on Harmon Company's income statement for last year totaled $370,000. During the year accrued liabilities increased by $18,000, and prepaid expenses increased by $25,000. Depreciation expense for the year was $45,000. Based on this information, operating expenses adjusted to cash basis under the direct method on the statement of cash flows would be

• A) $318,000.
• B) $332,000.
• C) $422,000.
• D) $408,000.

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Definitions:

Implicit Memory

Unconscious memory: subjects can demonstrate knowledge, such as a skill, conditioned response, or recall of events on prompting but cannot explicitly retrieve the information.

Verbal Tasks

Cognitive tasks involving language, such as speaking, reading, and writing, used to assess linguistic skills and brain function.

Motor Tasks

Activities that require the brain to plan and execute movements, often involving coordination and strength.

Fear Conditioning

Conditioned emotional response between a neutral stimulus and an unpleasant event, such as a shock, that results in a learned association.