The Income Statement of Macjo Company shows operating expenses of 530,000. The following information is available: Prepaid Expense Beginning P 28,000 Prepaid Expense End P 42,000 Accrued Expense Beginning P 80,000 Accrued Expense End P 72,000 36. What is the cash paid for operating expenses? A. P 448,500 B. P 524,000 C. P 552,000 D. P 576,000

The Income Statement of Macjo Company shows operating expenses of 530,000. The following information is available: Prepaid Expense Beginning P 28,000 Prepaid Expense End P 42,000 Accrued Expense Beginning P 80,000 Accrued Expense End P 72,000 36. What is the cash paid for operating expenses? A. P 448,500 B. P 524,000 C. P 552,000 D. P 576,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13MCQ

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