Assume cost of goods sold on an accrual basis is USD 300,000, accounts payable increased by USD…

Assume cost of goods sold on an accrual basis is USD 300,000, accounts payable increased by USD 20,000, and inventory increased by USD 50,000. Cash paid for merchandise is:

a. USD 370,000.

b. USD 230,000.

c. USD 270,000.

d. USD 330,000.

 

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