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Use the following information about the current year operations of a company to calculate the cash paid for merchandise. Cost of goods sold $ 234,000
Use the following information about the current year operations of a company to calculate the cash paid for merchandise.
| Cost of goods sold | $ 234,000 |
|---|---|
| Merchandise inventory, January 1 | 62,800 |
| Merchandise inventory, December 31 | 64,600 |
| Accounts payable, January 1 | 61,600 |
| Accounts payable, December 31 | 67,800 |
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Financial Reporting And Auditing In Sovereign Operations Technical Guidance Note
Authors: Asian Development Bank
1st Edition
9292698192, 978-9292698195
