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    Exam 16: Understanding Corporate Annual Reports: Basic Financial Statements
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    John Company Reported Cost of Goods Sold of $910,000,an Increase
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John Company Reported Cost of Goods Sold of $910,000,an Increase

Question 99

Question 99

Multiple Choice

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


A) $770,000
B) $810,000
C) $970,000
D) $1,050,000

Correct Answer:

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