McDaniel,Inc.uses the direct method to prepare its statement of cash flows.Refer to the following financial statement information for the year ended December 31,2017:

Use the direct method to compute the payments made to employees.(Accrued Liabilities relate to other operating expense. )
A)$69,400
B)$42,400
C)$23,000
D)$46,400

Question

McDaniel,Inc.uses the direct method to prepare its statement of cash flows.Refer to the following financial statement information for the year ended December 31,2017:

Use the direct method to compute the payments made to employees.(Accrued Liabilities relate to other operating expense. )
A)$69,400 
B)$42,400 
C)$23,000 
D)$46,400

Quizplus · Accepted Answer

D)Cash paid to employees = $46,400