The following items were reported on the balance sheets and income statement for Transformer Inc., a service company: 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?
A) $237,000
B) $163,000
C) $200,000
D) $292,000

Question

The following items were reported on the balance sheets and income statement for Transformer Inc., a service company:  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?
A) $237,000 
B) $163,000 
C) $200,000 
D) $292,000

Quizplus · Accepted Answer

The Answer of The following items were reported on the balance sheets and income statement for Transformer Inc., a service company:  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?
A) $237,000 
B) $163,000 
C) $200,000 
D) $292,000

The Following Items Were Reported on the Balance Sheets and Income