The operating expenses for cement corporation for November are $43000 which incl

Question

The operating expenses for cement corporation for November are $43000 which includes depreciation of $2000 and property taxes expenses of 3000. The taxes were paid in July of the current year. The cash paid for operating expenses in November is
A. 40000 B. 43000 C. 41000 D. 38000 The operating expenses for cement corporation for November are $43000 which includes depreciation of $2000 and property taxes expenses of 3000. The taxes were paid in July of the current year. The cash paid for operating expenses in November is
A. 40000 B. 43000 C. 41000 D. 38000
A. 40000 B. 43000 C. 41000 D. 38000

Explanation / Answer

D. $38,000 Statement showing computations Particulars Amount Operating Expenses for November             43,000.00 Less Depreciation as it is non cash expense             (2,000.00) Less Property tax exp as paid in July             (3,000.00) Cash paid for operating expenses in November               38,000.00

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