Clare Company Had Total Operating Expenses of $185,000 in 2017

question 67

Essay

Clare Company had total operating expenses of $185,000 in 2017, which included Depreciation Expense of $36,000. Also, during 2017, prepaid expenses increased by $8,000 and accrued expenses decreased by $7,600.
Instructions
Calculate the amount of cash payments for operating expenses in 2017 using the direct method.

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Definitions:

Technical Perfectionist

An individual, often in the realm of filmmaking or art, who strives for extreme accuracy and impeccable execution in technical aspects of their work.

Pervasive Misanthropy

A widespread general disdain or hatred towards humanity or the human condition, often reflected in literature, philosophy, and cultural narratives.

Direct-Cinema

A documentary film style that aims to observe life as it happens, without intervention or manipulation, emphasizing natural actions and authentic narratives.

Gene Hackman

An acclaimed American actor known for his versatility and powerful performances in a wide range of film genres.