Question
Cullumber Products reported cost of goods sold of $520800 for the year ended December 31, 2014. During the year, inventories increased by $6720, accounts payable
Cullumber Products reported cost of goods sold of $520800 for the year ended December 31, 2014. During the year, inventories increased by $6720, accounts payable decreased $10080, and sales increased by $19320. How much cash did Cullumber Products Pay to suppliers in 2014?
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Governmental And Nonprofit Accounting Theory And Practice
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
9th Edition
0132552728, 9780132552721
