Davis Company uses the direct method to prepare its statement of cash flows. Refer to...
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Accounting
Davis Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2014:
Operating expenses, $26,000
Accrued Liabilities, beginning balance, $3,000
Accrued Liabilities, ending balance, $5,000
What amount was paid to suppliers for operating expenses on a cash basis?
A.$29,000
B.$24,000
C.$31,000
D.$28,000
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