Compute life corporations operating expenses for month

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Cash paid by Life Corporation for operating expenses during the month of October, year 10, totalled Br. 16,480. Short -term prepayments and accrued liabilities were as follows:

                                                               October 1,year 10                            December 31 ,year 10

Short - term prepayments.............................Br. 1,240..........................Br. 1,690

Accrued liabilities..........................................2,570..............................1,820

Required:

Question 1: Compute LIFE Corporation's operating expenses for the month of October, Year 10, under the accrual basis of accounting

Reference no: EM132519796

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