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Company A reported cost of goods sold of $450,000 in the Income Statement for the year ended December 31, 2010. Changes in the following balance
Company A reported cost of goods sold of $450,000 in the Income Statement for the year ended December 31, 2010. Changes in the following balance sheet accounts were as follows:
Inventory $160,000decreaseAccounts payable-suppliers 40,000decreaseWhat amount of cash did Company A pay to suppliers in the current year?
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