Total operating expenses on Harmon Company's income statement for last year totaled $370,000. During the year the accrued liabilities increased by $18,000, and prepaid expenses increased by $25,000. Depreciation expense for the year were $45,000. Based on this information, operating expenses adjusted to cash basis under the direct method on the statement of cash flows would be:
A) $318,000.
B) $332,000.
C) $422,000.
D) $408,000.
B
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