Operating expenses for the year amounted to 826,400. Accrued operating expenses were 42,400 at commencement of the
Question:
Operating expenses for the year amounted to £826,400. Accrued operating expenses were £42,400 at commencement of the year and £58,900 at the year-end. Depreciation of non-current assets in the year was £112,400. Identify the cash outflow on operating expenses in the year.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
Question Posted: