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Donald Company reported operating expenses of 285,000 for 2021. The following data were extracted from the company's financial records: Prepaid expenses Accrued expenses 12/31/20 60,000
Donald Company reported operating expenses of 285,000 for 2021. The following data were extracted from the company's financial records: Prepaid expenses Accrued expenses 12/31/20 60,000 210,000 12/31/21 69,000 255,000 On a statement of cash flows for 2021, using the direct method, cash payments for operating expenses should be
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