(Appendix 14A) the Changes in Northrup Corporation's Balance Sheet Account

question 50

Multiple Choice

(Appendix 14A) The changes in Northrup Corporation's balance sheet account balances for last year appear below:
The company's income statement for the year appears below:
The company declared and paid $28,000 in cash dividends during the year. It did not dispose of any property, plant, and equipment during the year. The company uses the direct method to determine the net cash provided by (used in) operating activities.
-On the statement of cash flows,the selling and administrative expense adjusted to a cash basis would be:

• A) $304,000
• B) $384,000
• C) $310,000
• D) $236,000

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Definitions:

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, reduced sensory activity, and inhibited voluntary muscle activity.

Awaken

To emerge from sleep or to become conscious of something.

Bathroom

A room containing a toilet and typically also a sink and either a bathtub or a shower, meant for personal hygiene activities.

Primary Aging

The gradual, inevitable process of bodily deterioration that occurs throughout life, independent of external factors.