Davis Company Uses the Direct Method to Prepare Its Statement

question 59

Multiple Choice

Davis Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2014: Operating expenses, $26,000
Accrued Liabilities, beginning balance, $3,000
Accrued Liabilities, ending balance, $5,000
What amount was paid to suppliers for operating expenses on a cash basis?

• A)$29,000
• B)$28,000
• C)$24,000
• D)$31,000

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Assets or possessions owned by an individual or entity, including both physical and intellectual properties.

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A qualified individual who practices medicine, diagnosing and treating diseases or injuries.

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