Business, 18.12.2019 19:31 whitakers87

The cost of merchandise sold during the year was $45,000. merchandise inventories were $13,500 and $10,500 at the beginning and end of the year, respectively. accounts payable were $7,000 and $5,000 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. $46,000 b. $44,000 c. $40,000 d. $50,000

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