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During 2016, Sensa Corporation Incurred Operating Expenses Amounting to $100,000

question 29

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During 2016, Sensa Corporation incurred operating expenses amounting to $100,000 of which $75,000 was paid in cash; the balance will be paid during 2017. Which of the following is correct for the 2016 year-end balance sheet?

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Definitions:

Mass Spectrum

A chart or graph that displays the distribution of ions by mass in a sample, useful for identifying substances and determining their structure.

2-Methylpentan-3-one

An organic compound characterized by a ketone functional group placed on the third carbon of a methylpentane backbone.

1-Propanol

An alcohol with the formula C3H7OH, used as a solvent and an intermediate in the production of other chemicals.

Sodium Acetylide

A chemical compound formed by the reaction of acetylene with sodium metal, used in organic synthesis.

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