Cridman Company's Selling and Administrative Expenses for Last Year Totaled

Multiple Choice

Cridman Company's selling and administrative expenses for last year totaled $180,000.During the year the company's prepaid expense account balance decreased by $5,000 and accrued liabilities increased by $8,000.Depreciation for the year was $12,000.Based on this information,selling and administrative expenses adjusted to a cash basis under the direct method on the statement of cash flows would be:

A) $205,000
B) $181,000
C) $155,000
D) $179,000