Crossword, 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 to suppliers for Merchandise Inventory and other operating expenses. (Accrued Liabilities relate to other operating expense.)
A) $196,200
B) $176,800
C) $19,400
D) $200,200

Question

Crossword, 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 to suppliers for Merchandise Inventory and other operating expenses. (Accrued Liabilities relate to other operating expense.)
A) $196,200 
B) $176,800 
C) $19,400 
D) $200,200

Quizplus · Accepted Answer

The Answer of Crossword, 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 to suppliers for Merchandise Inventory and other operating expenses. (Accrued Liabilities relate to other operating expense.)
A) $196,200 
B) $176,800 
C) $19,400 
D) $200,200