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Jerome Company Reported Cost of Goods Sold of $700,000,a Decrease

Question 124

Multiple Choice

Jerome Company reported cost of goods sold of $700,000,a decrease in inventory of $60,000,and an increase in accounts payable of $30,000.How much cash was paid to suppliers?


A) $605,000
B) $610,000
C) $725,000
D) $795,000

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