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The financial statements of New World, Incorporated, provide the following Information for the current year: Accounts receivabln Triventory Prepaid expenses Accounts payable (for merchandise Accrued
The financial statements of New World, Incorporated, provide the following Information for the current year: Accounts receivabln Triventory Prepaid expenses Accounts payable (for merchandise Accrued axpenses payahle Net sales Cost of goods sold Operating expenses (including depreciation of $60,000) December 31 $ 284,00) $ 276, 250 $ 7.600 $ 243, 200 $ 66, 150 $ 3,152, 500 $ 1.600, 500 $ 378,500 January 1 $ Sal, 500 $ 63, XI S 68,500 $ 249,550 S77.9501 What is the amount of New World's cash payments for operating expenses during the current year? Multiple Choice $39241) $321600 o o o o $384.400 $330.3%)
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