Question
A company's Inventory balance at 12/31/13 was $189,800 and $202,000 at 12/31/12. Its Accounts Payable balance at 12/31/13 was $86,000 and $81,800 at 12/31/12, and
A company's Inventory balance at 12/31/13 was $189,800 and $202,000 at 12/31/12. Its Accounts Payable balance at 12/31/13 was $86,000 and $81,800 at 12/31/12, and its cost of goods sold for 2013 was $722,000. The company's total amount of cash payments for merchandise in 2013 equals:
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Accounting For Business
Authors: Peter Scott
2nd Edition
0198719868, 9780198719861
