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A Company Reported the Following Information: Assuming All Merchandise

Question 40

Multiple Choice

A company reported the following information: A company reported the following information: Assuming all merchandise purchases were on account, how much cash was paid to suppliers for merchandise purchases during 2020? A) $1,005,000 B) $1,050,000 C) $ 995,000 D) $1,020,000 Assuming all merchandise purchases were on account, how much cash was paid to suppliers for merchandise purchases during 2020?


A) $1,005,000
B) $1,050,000
C) $ 995,000
D) $1,020,000

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