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During 20B,Melon Company Incurred Operating Expenses Amounting to $250,000,of Which

Question 109

Multiple Choice

During 20B,Melon Company incurred operating expenses amounting to $250,000,of which $120,000 were paid in cash; the balance will be paid in January 20C.On the 20B income statement of the company,what amount should be reported for operating expenses?


A) $120,000.
B) $130,000.
C) $250,000.
D) $370,000.

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