Assume cost of goods sold on an accrual basis is 5300,000, accounts payable increased by 520,000, and

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Assume cost of goods sold on an accrual basis is 5300,000, accounts payable increased by 520,000, and inventory increased by 550,000. Cash paid for merchandise is: ph58

a. 5370,000.

b. 5230,000.

c. 5270,000.

d. 5330.000.

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Accounting A Business Perspective

ISBN: 9780075615859

7th Edition

Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher

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Question Posted: Jul 01, 2024 02:16 AM

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Assume cost of goods sold on an accrual basis is 5300,000, accounts payable increased by 520,000, and

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Accounting A Business Perspective

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