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If Cost of Sales Is $500 000, Inventory Has Increased

Question 9

Multiple Choice

If cost of sales is $500 000, inventory has increased by $8000 and creditors have decreased by $15 000 what is the amount of cash paid for the purchase of goods for resale?


A) $500 000
B) $507 000
C) $523 000
D) $493 000

Correct Answer:

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