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tivo tivo
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Posts: 1776
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7 years ago
Operating expenses–other than depreciation–for the year were $280,000. Prepaid expenses increased by $16,000. Cash payments for operating expenses to be reported on the cash flow statement using the direct method would be:
A) $296,000.
B) $16,000.
C) $264,000.
D) $280.000.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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7 years ago
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tivo Author
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7 years ago
Luckily this is the last business course I'll be taking. Thank you greatly
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