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Business, 26.11.2019 21:31 zahradawkins2007

The cost of goods sold during the year was $54,000. inventories were $10,500 and $12,500 at the beginning and end of the year, respectively. accounts payable were $6,000 and $9,000 at the beginning and end of the year, respectively. using the direct method of reporting cash flows from operating activities, cash payments for merchandise total a.$60,000. b.$53,000. c.$55,000. d.$54,000.

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