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Malone Feed and Supply Company buys on terms of 1 1 0 , net 3 0 , but it has not been taking discounts and

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Malone Feed and Supply Company buys on terms of 110, net 30, but it has not been taking discounts and has actually been paying in 60 rather than 30 days. Assume that the accounts payable are recorded at full cost, not net of discounts. Malone's balance sheet follows (thousands of dollars):
\table[[Cash,$60,Accounts payable,$420
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