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

The Answer of 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