The records for Ivanhoe Inc. showed the following for 2020: ...
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Accounting
The records for Ivanhoe Inc. showed the following for 2020:
| Jan. 1 | Dec. 31 | ||||
| Accrued expenses | $1,300 | $2,100 | |||
| Prepaid expenses | 740 | 980 |
Cash paid during the year for expenses, $43,850 Calculate the amount of expense that should be reported on the income statement.
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