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A Company Reports Its Cost of Goods Sold as $20

Question 29

Multiple Choice

A company reports its cost of goods sold as $20.0 billion in 20B.It has $1.8 billion in inventory and reports trade payable sat $1.6 billion in 20B.In 20A,ending inventory was reported at $1.2 billion and trade payables was $1.1 billion.How much cash was paid to suppliers for 20B?


A) $19.5 billion
B) $19.9 billion
C) $20.1 billion
D) $21.2 billion

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