Use the following information for the Quick Study below. (Static) [The following information applies to...
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Accounting
Use the following information for the Quick Study below. (Static) [The following information applies to the questions displayed below.] A comparative balance sheet and income statement is shown for Cruz, Incorporated. QS 12-27B (Static) Direct: Computing operating cash outflows LO P5 1. How much cash is paid thacquire inventory during year 2021? 2. How much cash is paid for operating expenses (excluding depreciation) during year 202T? Hint Examine prepaid expenses and wages payable
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