During the Year, Engine Engineering Corporation Has Operating Expenses of $30,000

question 80

Multiple Choice

During the year, Engine Engineering Corporation has operating expenses of $30,000. There was an increase in prepaid expenses of $5,000 and an increase in accrued liabilities of $7,000. What were Engine's cash payments for operating expenses?

• A) $42,000
• B) $32,000
• C) $28,000
• D) $18,000