Wireless Solutions reports operating expenses of $985,000. Operating expenses include both rent expense and salaries expense. Prepaid rent increases during the year by $30,000 and salaries payable increases by $20,000. What is the cash paid for operating expenses during the year?
Wireless Solutions reports operating expenses of $985,000. Operating expenses include both rent expense and salaries expense. Prepaid rent increases during the year by $30,000 and salaries payable increases by $20,000. What is the cash paid for operating expenses during the year?
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter6: Statement Of Cash Flows
Section: Chapter Questions
Problem 17E
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Wireless Solutions reports operating expenses of $985,000. Operating expenses include both rent expense and salaries expense. Prepaid rent increases during the year by $30,000 and salaries payable increases by $20,000. What is the cash paid for operating expenses during the year?
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