The cost of merchandise sold for Kohls Corporation for a recent year was $12,199 million. The balance
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The cost of merchandise sold for Kohl’s Corporation for a recent year was $12,199 million. The balance sheet showed the following current account balances (in millions):
Determine the amount of cash payments for merchandise.
Transcribed Image Text:
Balance, End of Year $3,475 Balance, Beginning of Year $3,542 Merchandise inventories Accounts payable 1,187 1,271
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Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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