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    College Accounting Study Set 5
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    Exam 23: Statement of Cash Flows
  5. Question
    (Appendix) the First Step in Computing the Cash Paid for Merchandise
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(Appendix) the First Step in Computing the Cash Paid for Merchandise

Question 44

Question 44

True/False

(Appendix) The first step in computing the cash paid for merchandise is to determine the amount of inventory purchased during the year.

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