Linus Corporation reported the following in its March 31, 2017, financial statements. .......................................................2017......................2016 Prepaid expenses........................$23,400................$12,500 Accrued expenses

Question:

Linus Corporation reported the following in its March 31, 2017, financial statements.

.......................................................2017......................2016

Prepaid expenses........................$23,400................$12,500

Accrued expenses payable..........14,900...................8,500

Operating expenses.....................100,000

Calculate the cash payments for operating expenses.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...