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The following items relate to the preparation of a statement of cash flows:

	Year 2	Year 1		Year 2
Cash	$150,000	$100,000
Inventory	330,000	210,000	Net sales	$ 3,200,000
Prepaid exp.	50,000	25,000	CGS	(2,500,000)
Noncurrent assets	565,000	300,000	Expenses	(500,000)
Accum. deprec.	(55,000)	(25,000)	Net income	$ 200,000
Accrued exp.	70,000	65,000

The direct approach is used for operating activities. Under operating activities, cash paid for operating expenses for year 2 amounted to
A. $490,000

B. $380,000

C. $410,000

D. $435,000

答案解析：

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A is corrent. Total cash paid for operating expenses for year 2 would be calculated as follows:

Expenses per statement	$500,000
Add: Increase in prepaid expenses	25,000
Less: Depreciation expense	(30,000)
Increase in accrued expenses	(5,000)
Total cash paid for operating expenses	$490,000

The increase in prepaid expenses is added because it represents cash paid out in excess of the expense recognized. Depreciation is subtracted because it does not require an actual outflow of cash. The increase in accrued expense is subtracted because it represents the amount of expense recognized in excess of the amount of cash paid out.

B is incorrect. Total cash paid for operating expenses for year 2 would be calculated as follows:

Expenses per statement	$500,000
Add: Increase in prepaid expenses	25,000
Less: Depreciation expense	(30,000)
Increase in accrued expenses	(5,000)
Total cash paid for operating expenses	$490,000

The increase in prepaid expenses is added because it represents cash paid out in excess of the expense recognized. Depreciation is subtracted because it does not require an actual outflow of cash. The increase in accrued expense is subtracted because it represents the amount of expense recognized in excess of the amount of cash paid out.

C is incorrect. Total cash paid for operating expenses for year 2 would be calculated as follows:

Expenses per statement	$500,000
Add: Increase in prepaid expenses	25,000
Less: Depreciation expense	(30,000)
Increase in accrued expenses	(5,000)
Total cash paid for operating expenses	$490,000

The increase in prepaid expenses is added because it represents cash paid out in excess of the expense recognized. Depreciation is subtracted because it does not require an actual outflow of cash. The increase in accrued expense is subtracted because it represents the amount of expense recognized in excess of the amount of cash paid out.

D is incorrect. Total cash paid for operating expenses for year 2 would be calculated as follows:

Expenses per statement	$500,000
Add: Increase in prepaid expenses	25,000
Less: Depreciation expense	(30,000)
Increase in accrued expenses	(5,000)
Total cash paid for operating expenses	$490,000

统计：共计2人答过，平均正确率50%
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