Allied Enterprises had operating expenses of ($40,000.) At the beginning of the year, Allied Enterprises owed ($5,000)
Question:
Allied Enterprises had operating expenses of \($40,000.\) At the beginning of the year, Allied Enterprises owed \($5,000\) on accrued liabilities. At year-end, accrued liabilities were \($8,000.\) How much cash did Allied Enterprises pay for operating expenses?
a. \($35,000\)
b. \($37,000\)
C. \($43,000\)
d. \($45,000\)
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