Harrison Company, a Small Consulting Firm, Charges All of Its

question 22

Multiple Choice

Harrison Company, a small consulting firm, charges all of its operating expenses on Accounts Payable. On January 1, 2013, Harrison's Accounts Payable balance was $12,000 and, during the year, an additional $108,000 of operating expenses was charged on account. The ending Accounts Payable balance was $36,000. What is the amount of cash paid for expenses during 2013?

• A)$132,000
• B)$120,000
• C)$84,000
• D)$32,000

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Definitions:

Evolutionary Studies

The scientific discipline that examines how organisms have diversified and adapted over time through genetic changes and natural selection.

Brood Pouch

A special chamber used by certain animals for carrying and protecting their offspring.

Gene Recruitment

The evolutionary process where a gene acquires a new function, different from its original role.

Paralog

Genes that arise by duplication within the same genome and may diverge to perform functions related to or distinct from the original gene.