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kenny6666 [7]
3 years ago
5

XYZ Corporation reported a $35,000 increase in inventory and a $7,000 decrease in accounts payable during the year. XYZ's cost o

f goods sold amounted to $185,000. Under the direct method of reporting cash flows from operating activities, cash payments to suppliers amounted to:
Business
1 answer:
Angelina_Jolie [31]3 years ago
7 0

Answer:

42,000

Explanation:

net inventory change + net a/p change

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Suppose that you have just borrowed $250,000 in the form of a 30 year mortgage. The loan has an annual interest rate of 9% with
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