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Question
hogan company has other operating expenses of $260,000. there has been a decrease in prepaid expenses of $16,000 during the year, and accrued liabilities are $24,000 larger than in the prior period. using the direct method of reporting cash flows from operating activities, what were hogan's cash payments for operating expenses?
a.$248,000
b.$252,000
c.$220,000
d.$300,000
Answer
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