Cage Corporation had January 1 and December 31 balances as follows. For 2008, cost of goods sold

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Cage Corporation had January 1 and December 31 balances as follows.

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For 2008, cost of goods sold was $500,000. Compute Cage’s 2008 cash payments to suppliers.

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Intermediate Accounting 2007 FASB Update Volume 2

ISBN: 9780470128763

12th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Jun 27, 2024 02:00 AM

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Cage Corporation had January 1 and December 31 balances as follows. For 2008, cost of goods sold

Question:

1/1/08 12/31/08 Inventory Accounts payable $90,000 $113,000 61,000 69,000

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Intermediate Accounting 2007 FASB Update Volume 2

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