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If Cost of Goods Sold Was $25,000, There Was a Decrease

Question 116

Multiple Choice

If Cost of Goods Sold was $25,000, there was a decrease in Inventory of $5,000, and an increase in Accounts Payable of $5,700, what would be the cash amount paid for Merchandise Inventory?


A) $25,700
B) $14,300
C) $35,700
D) $24,300

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