Willow Industries Reported Total Operating Expenses of $160,000 on the Income

question 23

Multiple Choice

Willow Industries reported total operating expenses of $160,000 on the income statement.During the year, accounts payable decreased by $8,000, accrued liabilities decreased by $4,000, prepaid expenses increased by $1,000, and accounts receivable decreased by $6,000.Walker uses the direct method to determine the net cash provided by operating activities on the statement of cash flows.What is the amount of operating expenses adjusted to a cash basis?

• A)$143,000
• B)$149,000
• C)$165,000
• D)$162,000

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Definitions:

Cardiac Monitor

A medical device used to continuously monitor the heart's activity and rhythms, critical for patients with cardiovascular conditions or those undergoing certain medical procedures.

Irregular

Not following a pattern; erratic or inconsistent, often used to describe abnormal rhythms in biological contexts.

Postsurgical Patient

A person who is in the recovery phase following surgery, requiring specific care and monitoring to ensure proper healing and to prevent complications.

Vital Signs

Key indicators of a person's health status, including temperature, pulse, respiration rate, and blood pressure.