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Business, 16.04.2020 23:09 dominikkovar

Situation B: The income statement for Sunland Traveler Company shows cost of goods sold $312,900 and operating expenses (exclusive of depreciation) $227,000. The comparative balance sheet for the year shows that inventory increased $25,900, prepaid expenses decreased $8,000, accounts payable (related to merchandise) decreased $16,800, and accrued expenses payable increased $11,000. Compute (a) cash payments to suppliers and (b) cash payments for operating expenses. (a) Cash payments to suppliers $ (b) Cash payments for operating expenses $

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Situation B: The income statement for Sunland Traveler Company shows cost of goods sold $312,900 and...
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