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2) Calculating Cash Paid Outflows - A firm buys on trade credit. Calculate the amount of cash paid by a company to its suppliers using

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2) Calculating Cash Paid Outflows - A firm buys on trade credit. Calculate the amount of cash paid by a company to its suppliers using the following Income Statement and Balance Sheet data for each of these independent scenarios: Cash Paid = COGS + (EI - BI) - (EAP-BAP) Scenario Beginning N/P Ending A/P Beginning Inventoy Ending Inventory CGS 1 1,000 $ 3,500 $ 4,000 2 1,500 5 1,500 5 1,500 $ 500 $ 8,750 $ 3 $ 750 $ 3,860 400 $ Scenario CGS Change in Inventory Cash Pald Change in A/P 2

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