Question
Queen Company's cost of goods sold for the accounting period just ended was Rs. 650,000. During the same period, Queen's inventory decreased by Rs. 10,000
Queen Company's cost of goods sold for the accounting period just ended was Rs. 650,000. During the same period, Queen's inventory decreased by Rs. 10,000 and its liability to inventory suppliers increased by Rs. 8,000. How much cash paid to suppliers should Queen report on its statement of cash flows?
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Financial Accounting Practice And Principles
Authors: Jan Bebbington, M. Richard Laughlin, Robert H. Gray, Gray Dave
3rd Edition
1861527713, 978-1861527714
