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Power Locker reported sales revenue of $1,750,000 and cost of goods sold of $992,000 on the income statement. The company also reported an increase
Power Locker reported sales revenue of $1,750,000 and cost of goods sold of $992,000 on the income statement. The company also reported an increase in inventory of $15,000 when compared to prior year. Under the direct method, Power Locker would report cash payments to supplier in the amount of Select one: O A. $1,735,000. O B. $977,000. O C. $1,007,000. OD. $758,000.
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