Total operating expenses on Tucker Company's income statement for last year totaled $215,000. During the year the accounts payable stayed the same, the accrued liabilities stayed the same, and prepaid expenses stayed the same. Depreciation expense for the year was $11,000. Based on this information, operating expenses adjusted to cash basis under the direct method on the statement of cash flows
would be:
A) $215,000.
B) $204,000.
C) $226,000.
D) none of these.
B
You might also like to view...
Ingredient branding is a special case of:
A) co-branding. B) sub-branding. C) umbrella branding. D) distinct product branding.
Which of the following statements is true regarding ARS 3?
a. One of its principles states that revenue is earned by the entire process of operations of the firm rather than at the point of sale. b. All of its principles were derived from the postulates of ARS 1. c. The asset valuation measures prescribed are additive. d. One of the main criticisms aimed at ARS 3 relates to its advocating the exit-value approach to asset valuation.
U.S. businesspeople complain that the quality of manufactured goods in the Mexican maguiladoras plants are below industry standards
Indicate whether the statement is true or false
One of the daily, delicate balancing acts that logistics managers have to perform involves the trade-off between transportation costs and fulfillment speed.
Answer the following statement true (T) or false (F)