Multiple Choice
Dalton Corp.'s Accounts Payable balance at the end of 2009 and 2010 was $200,000 and $300,000, respectively. During 2010, Dalton bought $1,200,000 of inventory. How much cash did Dalton pay its vendors for inventory in 2010?
A) $1,100,000
B) $1,200,000
C) $1,300,000
D) $1,400,000
E) $1,500,000
Correct Answer:
Verified
Correct Answer:
Verified
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