Given the following balance sheet and income statement data for the year ended December 31,...
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Accounting
Given the following balance sheet and income statement data for the year ended December 31, what are the cash expenses for the year?
Cash $300,000
Short-term investments 400,000
Accounts receivable 900,000
Total operating expenses 640,000
Depreciation expense 140,000
a.$140,000
b.$500,000
c.$780,000
d.$640,000
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