Question
Flounder Corporation had January 1 and December 31 balances as follows: 1/1/23 12/31/23 Inventory $90,000 $114,100 Accounts payable 60,400 69,800 For 2023, the cost
Flounder Corporation had January 1 and December 31 balances as follows: 1/1/23 12/31/23 Inventory $90,000 $114,100 Accounts payable 60,400 69,800 For 2023, the cost of goods sold was $559,000. Calculate Flounder's 2023 cash paid to suppliers of inventory.
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Intermediate Accounting Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian Edition
1119497043, 978-1119497042
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