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B. Temene Town Corporation expects to incur $400,000 in expenses during January (including interest and taxes but excluding depreciation). Of this amount, taxes and interest
B. Temene Town Corporation expects to incur $400,000 in expenses during January (including interest and taxes but excluding depreciation). Of this amount, taxes and interest are budgeted at $10,000 and 20,000 respectively and expired prepayments are budgeted at $40,000. Depreciation is budgeted at $25,000. Temene Town's current payables total $180,000 at Januaryl and are budgeted to Decrease to $140,000 by January 31. All payable are paid in full. What is the payments on current payables budgeted for January
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