Davis Metals Company Uses the Direct Method to Prepare Its

question 128

Multiple Choice

Davis Metals Company uses the direct method to prepare its statement of cash flows.Use the following information reported for the year 2017 to compute the cash paid to suppliers for operating expenses. Operating expenses,$29,000
Accrued Liabilities,beginning balance,$3,400
Accrued Liabilities,ending balance,$5,400

• A)$32,400
• B)$31,000
• C)$27,000
• D)$34,400

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