Answer:
the cash paid for goods to be sold is $226,500
Explanation:
The computation of the cash paid for goods to be sold is shown below:
= Cost of goods sold + Opening trade account payable - closing trade account payable + closing inventory - beginning inventory
= $250,000 + $17,500 - $25,000 + $31,000 - $47,000
= $226,500
Hence, the cash paid for goods to be sold is $226,500
Answer:
B
Explanation:
i just took the test and got it correct
Answer:
what this?
Explanation:
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Answer: While not usual they can be held responsible for all business debts.
Explanation: If you pledge a asset as a collateral a creditor may be able to take said asset and sell it.
