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    Exam 16: Basic Accounting Concepts, Techniques, and Conventions
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    Rock Company Reported Cost of Goods Sold of $700,000, a Decrease
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Rock Company Reported Cost of Goods Sold of $700,000, a Decrease

Question 34

Question 34

Multiple Choice

Rock Company reported cost of goods sold of $700,000, a decrease in inventory of $60,000, and an increase in accounts payable of $35,000. was paid to Rock Company's suppliers.


A) $725,000
B) $675,000
C) $605,000
D) $795,000

Correct Answer:

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