Excellence Corporation reports operating expenses of $100,000, including depreciation expense of $15,000, amortization expense of $2,500, and

Question:

Excellence Corporation reports operating expenses of $100,000, including depreciation expense of $15,000, amortization expense of $2,500, and a gain of $500 on the disposal of equipment during the current year. During this same period, prepaid expenses increased by $6,600 and accrued expenses payable decreased by $2,400. 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...