The following amounts are taken from the balance sheets of Milman Company:
During 2010, expenses related to prepaid expenses were $103,000, and expenses related to accrued liabilities were $197,000. Determine the amount of cash payments related to prepaid expenses and to accrued liabilities for 2010.

Question

The following amounts are taken from the balance sheets of Milman Company:
  During 2010, expenses related to prepaid expenses were $103,000, and expenses related to accrued liabilities were $197,000. Determine the amount of cash payments related to prepaid expenses and to accrued liabilities for 2010.

Quizplus · Accepted Answer

The Answer of The following amounts are taken from the balance sheets of Milman Company:
  During 2010, expenses related to prepaid expenses were $103,000, and expenses related to accrued liabilities were $197,000. Determine the amount of cash payments related to prepaid expenses and to accrued liabilities for 2010.

The Following Amounts Are Taken from the Balance Sheets of Milman