Banner Company had total operating expenses of 180,000 in 2020, which included Depreciation Expense of...
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Accounting
Banner Company had total operating expenses of 180,000 in 2020, which included Depreciation Expense of 25,000. Also, during 2020, prepaid expenses increased by 5,000 and accrued expenses decreased by 6,700. Calculate the amount of cash payments for operating expenses in 2020 using the direct method.
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