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The following items were reported on the statement of financial positions and statement of comprehensive income for Transformer Nerds, a service company: Accrued liabilities, 30
The following items were reported on the statement of financial positions and statement of comprehensive income for Transformer Nerds, a service company:
Accrued liabilities, 30 June 2016 $82 000
Accrued liabilities, 30 June 2017 $40 000
Operating expenses for financial year ended 30 June 2017 $260 000
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?
Group of answer choices
$302 000
$297 000
$285 000
$218 000
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