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(Appendix 11A) Cash Payments for Operating Expenses Luna Inc. reported operating expenses of $134,600, excluding depreciation expense of $36,200. During the year, Luna reported a
(Appendix 11A) Cash Payments for Operating Expenses Luna Inc. reported operating expenses of $134,600, excluding depreciation expense of $36,200. During the year, Luna reported a decrease in prepaid expenses of $7,500 and a decrease in accrued liabilities of $18,200. Required: Compute the amount of cash payments for operating expenses using the direct method. \&
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