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Autumn Co. reported the following for the current year: Sales $ 545,000 Cost of Goods Sold 325,000 Increase in Accounts Receivable 6,000 Increase in Merchandise
Autumn Co. reported the following for the current year: Sales $ 545,000 Cost of Goods Sold 325,000 Increase in Accounts Receivable 6,000 Increase in Merchandise Inventory 12,000 Increase in Accounts Payable 7,000 Therefore, Autumn would report Cash Paid to Suppliers of $ 330,000 on its Statement of Cash Flows using the direct method. Group of answer choices True False
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