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Cost of goods sold for the year was $670,000. Inventory was $75,000 at the beginning of the year and $37,000 at the end of the

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Cost of goods sold for the year was $670,000. Inventory was $75,000 at the beginning of the year and $37,000 at the end of the year. There were no changes in the amount in account payable for the year. Cash payment tor merchandise to be reported under the direct method is: A. $632,000 B. $558,000 C. $782,000 D. $708,000

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