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Pilgrims Progress, Inc. reported the following:12/31/1012/31/09Inventory$ 98,000 $ 93,000Accounts Payable$25,000 $40,000(Used exclusively for Inventory) Cost of Goods Sold during 2010 $975,000 Cash paid for inventory
Pilgrims Progress, Inc. reported the following:12/31/1012/31/09Inventory$ 98,000 $ 93,000Accounts Payable$25,000 $40,000(Used exclusively for Inventory)
Cost of Goods Sold during 2010 $975,000
Cash paid for inventory during 2010 wasa.$955,000.b.$960,000.c.$980,000.d.$995,000.e.Cannot be determined from the information given..
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