Show Company Had Total Operating Expenses of $153000 in 2016

question 174

Essay

Show Company had total operating expenses of $153000 in 2016 which included Depreciation Expense of $30000. Also during 2016 prepaid expenses decreased by $9500 and accrued expenses increased by $8500.
Instructions
Calculate the amount of cash payments for operating expenses in 2016 using the direct method.

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Definitions:

Everyday Intuitions

The unconscious, quick judgments and decisions that people make daily without deliberate analytical thought.

Personality Consistency

The degree to which an individual's personality traits remain stable over time and across different situations.

Openness

In psychology, one of the Big Five personality traits, characterized by appreciation for art, emotion, adventure, unusual ideas, and curiosity.

Neuroticism

A personality trait characterized by anxiety, fear, moodiness, worry, envy, frustration, jealousy, and loneliness.