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Show Company had total operating expenses of $153,000 in 2020, which included Depreciation Expense of $30,000. Also during 2020, prepaid expenses decreased by $9,500 and
Show Company had total operating expenses of $153,000 in 2020, which included Depreciation Expense of $30,000. Also during 2020, prepaid expenses decreased by $9,500 and accrued expenses increased by $8,500. Calculate the amount of cash payments for operating expenses in 2020 using the direct method.
Cash payments for operating expenses
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