Linus Corporation reported the following in its March 31, 2014, financial statements. 2014 2013 Prepaid expenses.....................$ 23,400........$12,500
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2014 2013
Prepaid expenses.....................$ 23,400........$12,500
Accrued expenses payable............14,900...........8,500
Operating expenses...................100,000
Calculate the cash payments for operating expenses.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Accounting Principles Part 3
ISBN: 978-1118306802
6th Canadian edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
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