Wellington Company Uses the Direct Method to Prepare Its Statement

question 82

Multiple Choice

Wellington Company uses the direct method to prepare its statement of cash flows. Refer to the following financial statement information for the year ended December 31, 2015: On Wellington's statement of cash flows, using the direct method, what amount will be shown for payments to employees? Assume Accrued Liabilities relate to Other Operating Expense.

• A)$74,000
• B)$45,000
• C)$25,000
• D)$49,000

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Definitions:

Creation Legend

is a mythological narrative explaining how the world and its creatures came into existence, varying greatly among different cultures and religions.

Waka Sran

“People of wood.” Baule (Côte d’Ivoire) wood figural sculptures.

Baule

An African ethnic group from Côte d'Ivoire, known for their rich cultural heritage, including distinctive art forms such as masks and figurines.

Mbulu Ngulu

The wood-and-metal reliquary guardian figures of the Kota of Gabon.