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.

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Definitions:

WPH Framework

A decision-making framework used in business ethics, focusing on who (W) will be affected, the purpose (P) of the decision, and how (H) to make ethical decisions.

Public Disclosure

The act of making information or data openly accessible and available to the general public.

Universalization Test

The ethical guideline that urges us to consider, before we act, what the world would be like if everyone acted in this way.

Ethical Guidelines

Standards of behavior and professional conduct expected within a specific field or profession.