The following items were reported on the balance sheets and income statement for Transformer Inc, a service company: Accrued liabilities, December 31, 2011 $ 92,000 Accrued liabilities, December 31, 2012 55,000 Operating expenses--2012 200,000 What amount would be reported in the operating activities section of Transformer's statement of cash flows for payments for operating expenses under the
direct method?
A) $237,000
B) $163,000
C) $200,000
D) $292,000
A
You might also like to view...
A data warehouse contains information including customer e-mail addresses, purchase and communication histories, and personal preference profiles
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. When Carla revises the waitstaff schedule at her restaurant to have more personnel available during the newly busy breakfast rush, she is engaged in organizing. 2. When Shannon reviews reports and determines that she has four underperforming salespeople with whom she will need to talk, she is performing the controlling managerial function. 3. When a manager is motivating others to work hard to achieve the organization's goals, she is engaged in the management function of leading. 4. Tucker recently attended a dinner for the new CEO. He came away feeling very excited and anxious to do his part to help the company achieve its goals. In this instance, the CEO was performing the management function known as planning.
Under which of the following approaches is the client expected to estimate fair value based on a model of the future cash flows associated with the instrument or the asset?
a. Mark to market model. b. Replacement model. c. Mark to model. d. Historical cost model.
Structured data is data that has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address.
Answer the following statement true (T) or false (F)