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A company reports cost of goods sold of $40 million. Inventory at the beginning and end of the year is $4 million and $3 million,

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A company reports cost of goods sold of $40 million. Inventory at the beginning and end of the year is $4 million and $3 million, respectively. Accounts payable at the beginning and end of the year are $3 million and $6 million, respectively. What is the amount of cash paid to suppliers? a) s40 million. b) s36 million. c) $42 million. At the beginning of the period, Accounts Receivable equals $1,700. At the end of the period, Accounts Receivable equals $2,200. If Service Revenue for the period equals $15,400, what was the cash received from customers for the period? a) s14,900 b) $15,900. c) $13,200. d) $15,400

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