$12$

Assume a merchandising company reported selling and administrative expenses of $$100,000,$ including depreciation expense of $$40,000.$ Its prepaid expense account balance increased by $$11,700$ during the period and its accrued liabilities balance increased by $$5,000$ during the period. The cash paid for selling and administrative expenses would be:

$02$:$00$:$34$

Multiple Choice

$$66,700.$

$$156,700.$

$$123,300.$

$$53,300.$

Mc

Graw

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