The following items were reported on the balance sheets and income statement for Centerton Inc., a service company: What amount would be reported in the operating activities section of the statement of cash flows for payments for operating expenses under the direct method?
A)$186,000
B)$154,000
C)$180,000
D)$170,000

Question

The following items were reported on the balance sheets and income statement for Centerton Inc., a service company:  What amount would be reported in the operating activities section of the statement of cash flows for payments for operating expenses under the direct method?
A)$186,000 
B)$154,000 
C)$180,000 
D)$170,000

Quizplus · Accepted Answer

The Answer of The following items were reported on the balance sheets and income statement for Centerton Inc., a service company:  What amount would be reported in the operating activities section of the statement of cash flows for payments for operating expenses under the direct method?
A)$186,000 
B)$154,000 
C)$180,000 
D)$170,000

The Following Items Were Reported on the Balance Sheets and Income