Question
A company started the accounting period with accounts payable of $45,000 and ended the accounting period with accounts payable of $30,000. Inventory costing $400,000 was
A company started the accounting period with accounts payable of $45,000 and ended the accounting period with accounts payable of $30,000. Inventory costing $400,000 was purchased during the period. How much cash was paid to the suppliers of inventory?
Question 5 options:
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| 1) | $415,000 |
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| 2) | $445,000 |
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| 3) | $395,000 |
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| 4) | $405,000 |
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
19th edition
1133957919, 978-1285632988, 1285632982, 978-0357691229, 978-1133957911
