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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...
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?
