Pietr Corporation reports operating expenses of $90,000, excluding depreciation expense of $15,000, for 2022. During the year,

Question:

Pietr Corporation reports operating expenses of $90,000, excluding depreciation expense of $15,000, for 2022. During the year, prepaid expenses decreased $7,200 and accrued expenses payable increased $4,400. Compute the cash payments for operating expenses in 2022.

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...

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