adam company's operating expenses (excluding depreciation expense) were $80,000 and its balance in prepaid insurance decreased by $5,000. cash paid for operating expenses was:

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06-12-2022
Business

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adam company's operating expenses (excluding depreciation expense) were $80,000 and its balance in prepaid insurance decreased by $5,000. cash paid for operating expenses was:

Sagot :

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AmishaSrivastava AmishaSrivastava · Answer 1 · 2022-12-13T07:55:57-05:00

Adam company's operating expenses (excluding depreciation expense) were $80,000 and its balance in prepaid insurance decreased by $5,000. cash paid for operating expenses was: $80,000-$5,000= $75,000.

What is balance?

The actual amount of the account. A bank or credit card account.
In banking and accounting, the balance is the unpaid (or unpaid) amount of the account.
In accounting, a "balance" is the difference between the total debits and total credits posted to an account during an accounting period.
A balance sheet is especially important because it informs you and other stakeholders about your financial situation.
Keeping this information up to date will help you make better management decisions.
Additionally, it helps improve operational efficiency, borrowing, and overall financial health.
There are three types of scales: Symmetrical, asymmetrical, radial.
The human figure in this figure is symmetrically balanced. It is the same on the left and right sides of the central axis.

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Sagot :

What is balance?

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