During the current year, Delaware Company reported total operating expenses of P3,200,000, consisting of P1,000,000 depreciation, P700,000 insurance and P1,500,000 salaries. The prepaid insurance P150,000 on January 1 and P200,000 on December 31. The accrued salaries payable totaled P220,000 on January 1 and P200,000 on December 31. What total amount was paid for operating expenses?
During the current year, Delaware Company reported total operating expenses of P3,200,000, consisting of P1,000,000 depreciation, P700,000 insurance and P1,500,000 salaries. The prepaid insurance P150,000 on January 1 and P200,000 on December 31. The accrued salaries payable totaled P220,000 on January 1 and P200,000 on December 31. What total amount was paid for operating expenses?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During the current year, Delaware Company reported total operating expenses of P3,200,000, consisting of P1,000,000
- P2,270,000
- P3,270,000
- P2,230,000
- P2,130,000
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