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A company had an ending balance in its accounts payable account that was $10,000 lower than its beginning balance. Purchases of inventory on account during
A company had an ending balance in its accounts payable account that was $10,000 lower than its beginning balance. Purchases of inventory on account during the period were $625,000. What was the amount of cash paid to suppliers during the period?
Select one:
a. $615,000
b. $625,000
c. $635,000
d. Cannot be determined without knowing the amount of beginning and ending balances
e. none of the above
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