The following information is available for a company. What amount of cash is paid for merchandise for
Question:
The following information is available for a company. What amount of cash is paid for merchandise for the cument year?
Cost of goods sold.$545,000 Merchandise inventory, prior year-end. 105,000 Merchandise inventory, current year-end. II 2,000 Accounts payable, prioryear-end. 98,500 Accounts payable, currentyear-end. 101,300
a. $545,000
b. $554,800
c. $540,800
d. $535,200
e. $549,200
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Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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Related Book For 
Fundamental Accounting Principles Volume 2
ISBN: 9780077716660
21st Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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