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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
Cost of goods sold for the year was $850,000. Inventory was $60,000 at the beginning of the year and $90,000 at the end of the year. There were no changes in the amount in account payable for the year. Cash payment for merchandise to be reported under the direct method is:
A) $850,000.
B) $910,000.
C) $940,000.
D) $880,000.
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Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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7 years ago
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bravata Author
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#2
7 years ago
This is the best resource ever, ty
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