Hilliard Company, a small consulting firm, charges all of its operating expenses on Accounts Payable. On January 1, Year 2, Hilliard's Accounts Payable balance was $24,000 and, during Year 2, an additional $216,000 of operating expenses were charged on account. On December 31, Year 2, the Accounts Payable balance was $72,000. What is the amount of cash paid for expenses during Year 2?
A. $64,000
B. $168,000
C. $240,000
D. $264,000
Answer: B
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a. Higher levels of risk in operations. b. Lower expected rates of return. c. Lower variability in returns on assets. d. Higher sales.
Assuming that the current ratio was 1.6 times and the quick ratio was 1.4 times before this transaction, the entry to record the payment of a previously declared and recorded cash dividend will
a. increase the current ratio and the quick ratio. b. decrease the current ratio and the quick ratio. c. increase the current ratio but have no effect on the quick ratio. d. have no effect on the current ratio or the quick ratio.
The simplest way to enter a foreign market is through direct investment
Indicate whether the statement is true or false
The last security interest to be perfected is the first in priority over any other perfected security interests.
Answer the following statement true (T) or false (F)