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Sales revenue for the year are $128,520. Operating expenses for the year are $99,504. Accrued liabilities and prepaid expenses relate to operating expenses. Required: Determine
Sales revenue for the year are $128,520. Operating expenses for the year are $99,504. Accrued liabilities and prepaid expenses relate to operating expenses. Required: Determine the following: a(i.) Cash disbursed for operating expenses (6 marks), and (ii) Cash received from customers (6 marks), (b) CFO using the INDIRECT method (8 marks)
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