Hiller Company had total operating expenses of $155,000 in 2014, which included depreciation expense of $35,000. Also during 2014, prepaid expenses decreased by $9,000 and accrued expenses increased by $7,500.
Instructions
Calculate the amount of cash payments for operating expenses in 2014 using the direct method.

Question

Quizplus · Accepted Answer

The Answer of Hiller Company had total operating expenses of $155,000 in 2014, which included depreciation expense of $35,000. Also during 2014, prepaid expenses decreased by $9,000 and accrued expenses increased by $7,500.
Instructions
Calculate the amount of cash payments for operating expenses in 2014 using the direct method.

Hiller Company Had Total Operating Expenses of $155,000 in 2014