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asap!6 The income statement for Blossom's Corporation shows cost of goods sold $6,000.0 million and operating expenses (including depreciation expense of $1,000.0 million) $18,000.0 million.
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The income statement for Blossom's Corporation shows cost of goods sold $6,000.0 million and operating expenses (including depreciation expense of $1,000.0 million) $18,000.0 million. The comparative balance sheet for the year shows that inventory increased $11.0 million, prepaid expenses increased $100.0 million, accounts payable (merchandise suppliers) decreased $40.0 million, and accrued expenses payable increased $160.0 million. (a) Using the direct method compute cash payments to suppliers. (Enter answer in millions, e.g. 2,125.1 million) Cash payments to suppliers $ million Step by Step Solution
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