Question
Tatum Company has other operating expenses of $223,000. There has been an increase in prepaid expenses of $10,000 during the year, and accrued liabilities are
Tatum Company has other operating expenses of $223,000. There has been an increase in prepaid expenses of $10,000 during the year, and accrued liabilities are $26,000 lower than in the prior period. Using the direct method of reporting cash flows from operating activities, what were Tatum's cash payments for operating expenses?
A. $259,000
B. $239,000
C. $187,000
D. $213,000
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Financial Accounting International Financial Reporting Standards Global Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
11th Edition
9781292211145
