Selected data for the current year ended December 31 are as follows: 
During the current year,the cost of merchandise sold was $620,000 and the operating expenses other than depreciation were $142,000.The direct method is used for presenting the cash flows from operating activities on the statement of cash flows.Determine the amount reported on the statement of cash flows for
(a)cash payments for merchandise and
(b)cash payments for operating expenses.
Definitions:
Irreversible
Describing a process or action that cannot be undone or returned to its original state.
Content Dimensions
Aspects of a message that involve the actual information being communicated, distinct from the relationship dimensions.
Communicating Regret
is the expression of remorse or sorrow for actions or decisions that negatively impacted oneself or others.
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