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Telecom Co. reported cost of goods sold for the year of $ 95 million. Total assets increased by $105 million but inventory declined by $10
Telecom Co. reported cost of goods sold for the year of $ 95 million. Total assets increased by $105 million but inventory declined by $10 million. Total liabilities increased by $50 million and total accounts payable increased by $6 million. The cash paid to the suppliers is most likely equal to :
a. $105 million
b. $79 million
c. $111 million
d. $99 million
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