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A company's Inventory balance decreased by $18,000 during the year. Its Accounts Payable balance decreased by $6,000, and its cost of goods sold for the
A company's Inventory balance decreased by $18,000 during the year. Its Accounts Payable balance decreased by $6,000, and its cost of goods sold for the year was $340,000. The company's total amount of cash payments for merchandise during the year equals:
Multiple Choice
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$358,000.
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$328,000.
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$340,000.
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$364,000.
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$316,000.
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