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:

Causation

The demonstration of how one event or action is the result of or factors into the occurrence of another event or action.

"But For" Rule

A principle used in the causation analysis of legal cases, indicating that an event would not have occurred 'but for' the actions of the defendant.

Duty Of Care

Duty of care is a legal obligation imposed on individuals or organizations to take reasonable care to avoid causing harm to others in specific circumstances.

Invitee

A person who is invited onto property or premises for the benefit of the property owner or occupier, thus granted higher safety and care standards.