Data Solutions Reports Operating Expenses of $5 Million

question 81

Multiple Choice

Data Solutions reports operating expenses of $5 million.Operating expenses include rent expense.Prepaid rent at the beginning and end of the year are $120,000 and $80,000,respectively.All other operating expenses were paid in cash as incurred.What is the amount of cash paid for operating expenses?

• A)$5,000,000.
• B)$5,040,000.
• C)$4,960,000.

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Definitions:

Glass

A hard, brittle substance, typically transparent or translucent, made by fusing sand with soda and lime and cooling rapidly.

Density

Density is a measure of mass per unit volume of a substance, indicating how compact its mass is.

Displaces

Refers to the process by which one substance is replaced by another substance in a chemical reaction, often seen in displacement reactions.

Shard

A piece of broken ceramic, glass, metal, or other hard materials, typically having sharp edges.