Wireless Technologies Reports Operating Expenses of $2 Million

question 25

Multiple Choice

Wireless Technologies reports operating expenses of $2 million.Operating expenses include rent expense.Prepaid rent at the beginning and end of the year are $20,000 and $70,000,respectively.All other operating expenses were paid in cash as incurred.What is the amount of cash paid for operating expenses?

• A)$2,000,000.
• B)$2,070,000.
• C)$1,950,000.
• D)$2,050,000.

---

Definitions:

Peaches

Edible juicy fruits with fuzzy skins and a sweet taste, often grown in temperate regions.

Absolute Advantage

The skill of a person, business, or nation to generate a product or offer a service more affordably per unit than any other competitor.

Cell Phones

Portable electronic devices used for communication purposes.

Herring

A type of fish that is widely consumed and known for its significant role in the marine food chain as well as its usage in various cuisines.