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

Multiple Choice

Cridwell Company's selling and administrative expenses for last year totaled $210,000. During the year the company's prepaid expense account balance increased by $18,000 and accrued liabilities increased by $12,000. Depreciation charges for the year were $24,000. 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) $180,000
B) $192,000
C) $228,000
D) $240,000