Multiple Choice
The changes in Tench Company's balance sheet account balances for last year appear below: 
The company's income statement for the year appears below: 
The company declared and paid $70,000 in cash dividends during the year. The company uses the direct method to determine the net cash provided by operating activities.
-On the statement of cash flows, the operating expenses adjusted to a cash basis would be:
A) $440,000
B) $365,000
C) $300,000
D) $370,000
Correct Answer:
Verified
Correct Answer:
Verified
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