Show Company had total operating expenses of $153000 in 2016 which included Depreciation Expense of $30000. Also during 2016 prepaid expenses decreased by $9500 and accrued expenses increased by $8500.
Instructions
Calculate the amount of cash payments for operating expenses in 2016 using the direct method.

Question

Quizplus · Accepted Answer

The Answer of Show Company had total operating expenses of $153000 in 2016 which included Depreciation Expense of $30000. Also during 2016 prepaid expenses decreased by $9500 and accrued expenses increased by $8500.
Instructions
Calculate the amount of cash payments for operating expenses in 2016 using the direct method.

Show Company Had Total Operating Expenses of $153000 in 2016