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Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. Cost of goods sold $ 240,000
Use the following information about the current year's operations of a company to calculate the cash paid for merchandise.
| Cost of goods sold | $ | 240,000 |
| Merchandise inventory, January 1 | 68,800 | |
| Merchandise inventory, December 31 | 70,000 | |
| Accounts payable, January 1 | 67,000 | |
| Accounts payable, December 31 | 73,800 | |
Multiple Choice
$248,000. $234,400. $240,000. $245,600. $232,000.
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The Audit Value Factor Making Managements Head Turn Internal Audit And IT Audit Series
Authors: Daniel Samson
1st Edition
1138198129, 978-1138198128
