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Tags
#fucked-up-questions
Question
In which statement should an increase in prepaid expenses be added to calculate the cash payments?
Answer
The income statement

Tags
#fucked-up-questions
Question
In which statement should an increase in prepaid expenses be added to calculate the cash payments?
Answer
?

Tags
#fucked-up-questions
Question
In which statement should an increase in prepaid expenses be added to calculate the cash payments?
Answer
The income statement
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In calculating the cash payments for other operating expenses, which of the following items must a company add to the other operating expenses reported on the income statement?
An increase in prepaid expenses must be added to the other operating expenses reported on the income statement to calculate the cash payments for other operating expenses. An increase in prepaid expenses represents an outflow of cash that is not yet reported on the income statement as an expense.

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