23. operating expenses other than depreciation for the year were $400,000. accrued expenses increased by…

23. operating expenses other than depreciation for the year were $400,000. accrued expenses increased by $35,000. what are the cash payments for operating expenses reported on the cash flow statement using the direct method?

23. operating expenses other than depreciation for the year were $400,000. accrued expenses increased by $35,000. what are the cash payments for operating expenses reported on the cash flow statement using the direct method?

Answer

Explanation:

Step1: Understand the relationship

Cash payments = Operating expenses - Increase in accrued expenses.

Step2: Substitute the values

Cash payments = $400,000 - $35,000.

Answer:

$365,000