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Crabbe Company reported $ 8 0 , 0 0 0 of selling and administrative expenses on its income statement for the past year. The company
Crabbe Company reported $ of selling and administrative expenses on its income statement for the past year. The company had depreciation expense and an increase in prepald expenses assoclated with the selling and administrative expenses for the year. Assuming the direct method is used, how would these Items be handled in converting the accrual based selling and administrative expenses to the cash basis?
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