During 2010 burlington company incurred operating expenses, Ask an Expert

Accounting

During 2010, Burlington Company incurred operating expenses amounting to $600,000, of which $550,000 was paid in cash; the balance will be paid in January 2011. On the 2010 income statement of the company, what amount should be reported for operating expenses?

A. $550,000.

B. $560,000.

C. $600,000.

D. $1,150,000

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Accounting Basics, Accounting

Category:- Accounting Basics
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