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Steve Company Reported Cost of Goods Sold of $910,000,an Increase

Question 57

Multiple Choice

Steve Company reported cost of goods sold of $910,000,an increase in inventory of $100,000,and a decrease in accounts payable of $40,000.How much cash was paid to suppliers?


A) $770,000
B) $810,000
C) $950,000
D) $1,050,000

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