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Cash Paid for Merchandise Purchases The cost of merchandise sold for Patterson Corporation for a recent year was $10,935 million. The balance sheet showed
Cash Paid for Merchandise Purchases The cost of merchandise sold for Patterson Corporation for a recent year was $10,935 million. The balance sheet showed the following current account balances (in millions): Merchandise Inventories Accounts payable Balance, End of Year Balance, Beginning of Year $2,865 1,028 $2,471 919 Determine the amount of cash paid for merchandise. million
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