Petes Pies Ltd reports operating expenses of $216 000 excluding depreciation expense of $18 000 for 2015.

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Pete’s Pies Ltd reports operating expenses of $216 000 excluding depreciation expense of $18 000 for 2015. During the year prepaid expenses decreased $7920 and accrued expenses payable increased $5280. Calculate the cash payments for operating expenses in 2015.

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Financial Accounting Reporting Analysis And Decision Making

ISBN: 9780730313748

5th Edition

Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong

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