The following items were reported on the balance sheets and income statement for Centerton Inc., a service company: Operating expenses payable, December 31, 2015 $ 64,000 Operating expenses payable, December 31, 2016 48,000 Operating expenses (income statement) β2016 170,000 What amount would be reported in the operating activities section of the statement of cash flows for payments for operating expenses under the direct method?
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The following items were reported on the balance sheets and income statement for Centerton Inc., a s...
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