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Luna Inc. reported operating expenses of $134,100, excluding depreciation expense of $36,200. During the year, Luna reported a decrease in prepaid expenses of $8,100 and
Luna Inc. reported operating expenses of $134,100, excluding depreciation expense of $36,200. During the year, Luna reported a decrease in prepaid expenses of $8,100 and a decrease in accrued liabilities of $18,200. Required: Compute the amount of cash payments for operating expenses using the direct method. $fill in the blank 1 Feedback Area Feedback
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