Business, 06.03.2020 23:17, zfghiiooi5

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

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The cost of merchandise sold during the year was $45,000. Merchandise inventories were $13,500 and $...