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Rare Company had purchases of $580,000. The comparative balance sheet analysis revealed a $ 115,000 decrease in inventory and a $225,000 increase in accounts payable.
Rare Company had purchases of $580,000. The comparative balance sheet analysis revealed a $ 115,000 decrease in inventory and a $225,000 increase in accounts payable. what were Rare's cash payments to suppliers?
11) Rare Company had purchases of $580,000. The comparative balance sheet analysis revealed a $115,000 decrease in inventory and a $225,000 increase in accounts payable. What were Rare's cash payments to suppliers? a. $355,000 b. $4700,000 c. $240,000 d. $580,000 Step by Step Solution
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