Tanglewood,Inc.uses the direct method to prepare its statement of cash flows.Refer to the following financial statement information for the year ended December 31,2018:
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) $197,000
B) $177,500
C) $19,500
D) $201,000
Correct Answer:
Verified
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