Financial Accounting, Student Value Edition (4th Edition)
Financial Accounting, Student Value Edition (4th Edition)
4th Edition
ISBN: 9780134114811
Author: Robert Kemp, Jeffrey Waybright
Publisher: PEARSON
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Chapter 11, Problem 10SC

Elliot Enterprises had operating expenses of $51,000. At the beginning of the year, Elliot Enterprises owed $10,000 on accrued liabilities. At year-end, accrued liabilities were $17,000. How much cash did Elliot Enterprises pay for operating expenses?

  1. a. $41,000
  2. b. $44,000
  3. c. $61,000
  4. d. $58,000
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Financial Accounting, Student Value Edition (4th Edition)

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