Operating Expenses Other Than Depreciation for the Year Were $335,000

question 18

Multiple Choice

Operating expenses other than depreciation for the year were $335,000.Prepaid expenses decreased by $7,000.Cash payments for operating expenses to be reported on the cash flow statement using the direct method would be:

• A)$335,000.
• B)$342,000.
• C)$328,000.
• D)$7,000.

---

Definitions:

Governor Berkeley

A historical figure known for his role as a colonial governor in Virginia, often associated with the governance during periods of early American history.

Free Blacks

African Americans who were not enslaved and lived in the United States before the abolition of slavery.

Militia

A military force that is raised from the civil population to supplement a regular army in an emergency.

Maryland Act

Legislation specific to the state of Maryland, often requiring more context to define its purpose or scope, as many acts could carry this name.