Cridberg Corporation's selling and administrative expenses for last year totaled $268,000. During the year the company's prepaid expense account balance increased by $22,000 and accrued liabilities decreased by $16,000. Depreciation for the year was $33,000. Based on this information, selling and administrative expenses adjusted to a cash basis under the direct method on the statement of cash flows would be:
A. $339,000
B. $197,000
C. $273,000
D. $263,000
Answer: C
Business
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