Business, 24.04.2020 19:32, badboy502503
A company's Inventory balance at the end of the year was $197,000 and $210,000 at at the beginning of the year. Its Accounts Payable balance at the end of the year was $94,000 and $89,000 at the beginning of the year, and its cost of goods sold for the year was $730,000.
The company's total amount of cash payments for merchandise during the year equals:
a. 712,000
b.748,000
c. 738,000
d. 730,000
e. 722,000
Answers: 3
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A company's Inventory balance at the end of the year was $197,000 and $210,000 at at the beginning o...
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