Cost of merchandise sold reported on the income statement was $159,380. The accounts payable balance increased $6,110, and the inventory balance increased by $9,130 over the year. Determine the amount of cash paid for merchandise. $fill in the blank 1

Cost of merchandise sold reported on the income statement was $159,380. The accounts payable balance increased $6,110, and the inventory balance increased by $9,130 over the year. Determine the amount of cash paid for merchandise. $fill in the blank 1

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 9BE

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Cost of merchandise sold reported on the income statement was $159,380. The accounts payable balance increased $6,110, and the inventory balance increased by $9,130 over the year. Determine the amount of cash paid for merchandise.
$fill in the blank 1

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