Nature Metals Company Uses the Direct Method to Prepare Its

question 99

Multiple Choice

Nature Metals Company uses the direct method to prepare its statement of cash flows.Use the following information reported for the year 2018 to compute the cash paid to suppliers for operating expenses. Operating expenses,$29,000
Accrued Liabilities,beginning balance,$3400
Accrued Liabilities,ending balance,$5400

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

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Definitions:

Density

A physical property defined as an object's mass per unit volume, indicating how compactly the mass is distributed in the object.

Glass

A hard, brittle substance, typically transparent or translucent, made by fusing sand with soda and lime and cooling rapidly.

Density

Density is a measure of mass per unit volume of a substance, indicating how compact its mass is.