The Wicker Corporation had operating expenses,other than salaries,wages,and amortization,of $98,000.Prepaid expenses had a net increase during the period of $4,000.Accrued liabilities had a net increase of $7,000 during the period.How much were the cash payments for operating expenses?
A) $95,000
B) $109,000
C) $101,000
D) $87,000

Question

Quizplus · Accepted Answer

Cash payments for operating expenses = Operating expenses - Increase in prepaid expenses - Increase in accrued liabilities= $98,000 - $4,000 - $7,000= $95,000

The Wicker Corporation Had Operating Expenses,other Than Salaries,wages,and Amortization,of $98,000