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During the year, CAT Inc. reported an increase in Inventory of $10,580. Cost of goods sold for the year was $60,000, and there was an
During the year, CAT Inc. reported an increase in Inventory of $10,580. Cost of goods sold for the year was $60,000, and there was an $4,740 decrease in accounts payable.Required 1: What were the cash payments to suppliers during the year? $
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