Question
Brown LLC. reports a $24000increase in inventory and a $6000decrease in accounts payable during the year. Cost of Goods Sold for the year was $338400.
Brown LLC. reports a $24000increase in inventory and a $6000decrease in accounts payable during the year. Cost of Goods Sold for the year was $338400. Using the direct method of reporting cash flows from operating activities, cash payments made to suppliers were
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
