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:

Social Cue

Signals and signs that guide social interactions by indicating the behaviors and responses expected in certain contexts.

Stereotype

A widely held but oversimplified and generalized belief about a particular category of people or things.

Conflict Theory

A perspective that views social life as a competition, with social groups struggling over resources and power, leading to social change.

Valued Resources

Those assets or materials considered of high importance or worth by a society or individual, often critical for survival or well-being.