Clare Company had total operating expenses of $185000 in 2016 which included Depreciation Expense of $36000. Also during 2016 prepaid expenses increased by $8000 and accrued expenses decreased by $7600.
Instructions
Calculate the amount of cash payments for operating expenses in 2014 using the direct method.

Question

Quizplus · Accepted Answer

The Answer of Clare Company had total operating expenses of $185000 in 2016 which included Depreciation Expense of $36000. Also during 2016 prepaid expenses increased by $8000 and accrued expenses decreased by $7600.
Instructions
Calculate the amount of cash payments for operating expenses in 2014 using the direct method.

Clare Company Had Total Operating Expenses of $185000 in 2016