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Practice HW Ending Week 11 Context: a large Brazilian company, is reporting some financial data as part of their company statistic safekeeping. Your job is

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Practice HW Ending Week 11 Context: a large Brazilian company, is reporting some financial data as part of their company statistic safekeeping. Your job is to analyze the following statements and report on the best solution based on the answer choices below. Only select one answer choice and report back to your team. A random company reported a balance in Accounts Payable of $124,000 on 1/1, Year 2. During Year 2, company paid \$455,000 to its suppliers from whom company had purchased goods. On 12/31, Year 2, company reported a balance in Accounts Payable of $181,000. How much were the company's purchases on account for Year 2? A. $398,000. B. $512,000. C. $518,000. D. $525,000. E. $836,000

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