190,000 in cash expense. 12/31/19 12/31/20 Accrued liability...

60.1K

Verified Solution

Question

Accounting

190,000 in cash expense.

12/31/19 12/31/20
Accrued liability 75,000 55,000
Prepaid Expense 25,000 35,000

on the accrual basis, how much were expenses for 2020?

a. 180,000

b. 160,000

c. 230,000

d. 200,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students