Merchandise inventory increased $ 28 comma 000 and accounts payable decreased $ 19 comma 600 during the year. accounts payable relates only to the acquisition of merchandise inventory. sales were $ 795 comma 500 and cost of goods sold was $ 549 comma 500. compute the payment made to the suppliers for inventory.

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.