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Donnegan Company reported operating expenses of $325,000 for 2015. The following data were extracted from the companys financial records: 12/31/14 12/31/15 Prepaid Expenses $ 60,000
Donnegan Company reported operating expenses of $325,000 for 2015. The following data were extracted from the companys financial records: 12/31/14 12/31/15 Prepaid Expenses $ 60,000 $69,000 Accrued Expenses 210,000 255,000 On a statement of cash flows for 2015, using the direct method, cash payments for operating expenses should be
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