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Reconciling Changes in Balance Sheet Accounts The following table presents selected items from the Year 2 and Year 1 balance sheets and Year 2 income
Reconciling Changes in Balance Sheet Accounts The following table presents selected items from the Year 2 and Year 1 balance sheets and Year 2 income statement of Walgreen Company. a. Compute the cash paid for merchandise inventories in Year 2. Assume that trade accounts payable is only for merchandise purchases. million b. Compute the net cost of property acquired in Year 2. q million c. Compute the cash dividends paid in Year 2. $ million
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