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Description: Cost of Goods Sold was $64,242, Accounts payable increased by 13,127.and inventory increased by $18,751What was the cash paid to suppliers? $________

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Cost of Goods Sold was $64,242, Accounts payable increased by 13,127.and inventory increased by $18,751 What was the cash paid to suppliers? $________

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Cost of Goods Sold was $64,242, Accounts payable increased by 13,127.and inventory increased by $18,751

What was the cash paid to suppliers? $________

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