Question
A company's inventory balance was $204,000 at 12/31/11 and $191,600 at 12/31/12. Its accounts payable balance was $81,600 at 12/31/11 and $85,800 at 12/31/12, and
A company's inventory balance was $204,000 at 12/31/11 and $191,600 at 12/31/12. Its accounts payable balance was $81,600 at 12/31/11 and $85,800 at 12/31/12, and its cost of goods sold for 2012 was $734,400. The company's total amount of cash payments for merchandise in 2012 equals:
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Financial Accounting Version 3.0
Authors: Leah Kratz, Joe Ben Hoyle, C. J. Skender
3rd Edition
1453392904, 9781453392904
