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Early Years Corporation Reports a $17,000 Increase in Inventory and a $27,000

Question 30

Multiple Choice

Early Years Corporation reports a $17,000 increase in Inventory and a $27,000 increase in accounts payable for the year.If the cost of goods sold is $400,000 for the year,the cash paid to Early Years' suppliers for inventory is:


A) $356,000.
B) $373,000.
C) $390,000.
D) $444,000.

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