Question
Total utility expense was recorded as $55,000 on the income statement. The utility payable account had a beginning balance of $8,000 and an ending balance
Total utility expense was recorded as $55,000 on the income statement. The utility payable account had a beginning balance of $8,000 and an ending balance of $5,000. How much cash was disbursed for utilities during the year?
A. 55,000
B. 60,000
C. 70,000
D. 58,000
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International Finance Exchange Rates And Financial Flows In The International Financial System
Authors: Heather D. Gibson
1st Edition
0582218128, 978-0582218123
