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Cash Paid for Merchandise Purchases The cost of merchandise sold for Patterson Corporation for a recent year was $12,989 million. The balance sheet showed
Cash Paid for Merchandise Purchases The cost of merchandise sold for Patterson Corporation for a recent year was $12,989 million. The balance sheet showed the following current account balances (in millions): Balance, End of Year Balance, Beginning of Year Merchandise inventories $3,403 $2,936 Accounts payable Determine the amount of cash paid for merchandise. 1,091 1,221 + million
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