The cost of goods sold for Canadian Tire for a recent year was $7,326 million. The balance

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The cost of goods sold for Canadian Tire for a recent year was $7,326 million. The balance sheet showed the following current account balances (in millions):

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Determine the amount of cash payments for merchandise.
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Accounting Volume 2

ISBN: 978-0176509743

2nd Canadian edition

Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren

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