Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 12 - Statement of Cash Flows - Brief Exercises: BE12-15

Answer

Computation of cash payments for operating expenses in 2010: Cash payments for operating expenses: Operating expense - 90,000 dollars Decrease in prepaid expenses - (6,600 dollars) Increase in accrued expenses payable - (4,400 dollars) Cash payments for operating expenses - 79,000 dollars

Work Step by Step

The table indicates about the calculation of cash payments for operating expenses.
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