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Orlando Company's Beginning and Ending Accounts Payable Amounts Were $140,000

Question 96

Multiple Choice

Orlando Company's beginning and ending accounts payable amounts were $140,000 and $130,000, respectively.Inventory purchases on account were $480,000.Orlando Company paid _____ to its suppliers.


A) $490,000
B) $480,000
C) $460,000
D) An indeterminable amount

Correct Answer:

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