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Pete's Pies Ltd reports operating expenses of $216 000 excluding depreciation expense of $18 000 for 2018. During the year Prepaid expenses decreased $7920 and
Pete's Pies Ltd reports operating expenses of $216 000 excluding depreciation expense of $18 000 for 2018. During the year Prepaid expenses decreased $7920 and accrued expenses payable increased $5280. Calculate the cash payments for operating expenses in 2018.
Task: Calculate the cash payments for operating expenses direct method
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